2018 Economic Calendar
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Challenger Job-Cut Report  
Released On 10/4/2018 7:30:00 AM For Sep, 2018
PriorActual
Announced Layoffs - Level38,472 55,285 

Highlights
Inflated by long-term downsizing at Wells Fargo, layoff announcements shot higher in September, to 55,285 vs 38,472 in November for the highest total since March. The Wells Fargo announcement represents nearly half of September's total but the layoffs are slated to occur over the next three years. Excluding the financial sector, layoff announcements proved modest in September with retail a distant second at 5,907 followed by industrial goods at a relatively tame 2,235. Today's results, Wells Fargo aside, may actually hint at strength for tomorrow's employment report. Watch for the latest jobless claims numbers later this morning at 8:30 a.m. ET.

Definition
This monthly report counts and categorizes announcements of corporate layoffs based on mass layoff data from state departments of labor. The job-cut report must be analyzed with caution. It doesn't distinguish between layoffs scheduled for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs. Also, the job-cut report does not include jobs eliminated in small batches over a longer time period. Unlike most economic data, this series is not adjusted for seasonal variation.  Why Investors Care
 
[Chart]
The Challenger Job-Cut Report could serve as a leading indicator for new jobless claims. However, not all layoff announcements result in near term job losses. For instance, companies often announce layoffs that will result in job losses but not immediately. Companies would simply not replace workers who quit voluntarily.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/42/13/84/55/35/317/58/29/610/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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