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2009 Economic Calendar |
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Resource Center » U.S. & Intl Recaps | Release Dates | Why Investors Care | Today's Calendar
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A monthly report on the number of announced corporate layoffs. It is not adjusted for seasonal variations. The report indicates trends in the labor market. Why Investors Care
| Released on 2/2/05 For Jan 2005 | ||||||
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Highlights
Layoff announcements fell back in January to 92,351 vs. 109,045 in December, in monthly Challenger results that will raise talk in the markets of perhaps a better-than-expected monthly employment report on Friday.
The results are not seasonally adjusted so it's important to look at the year-over-year comparison which shows 117,556 and confirms this January's favorable results.
The most layoffs were announced by government and non-profit organizations, followed by financial firms and auto companies. Those with the least included utilities, e-commerce, and commodities.
Hiring intentions, a new category to keep your eye on, rose in the month to 29,832 vs. 21.262 in December.
The markets showed no reaction to the data, though they are certain to help investor confidence going into Friday's big jobs numbers.
![[Chart]](chart.gif)
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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. |
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