Econoday Report: Challenger Job-Cut Report 1, 2007

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Challenger Job-Cut Report

Definition
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 2/1/07 For Jan 2007

Announced Layoffs - Level
Actual	62,975
Previous	54,643

Highlights
Challenger reported 62,975 announced layoffs in January, up slightly from 54,643 in December but down sharply from 103,466 a year ago. Hiring intentions rose to 7,889 from December's 6,693 but were down from last January's 13,945.

Trends

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

2007 Release Schedule

Released On: 1/4 2/1 3/1 4/4 5/2 6/6 7/5 8/1 9/5 10/3 11/1 12/5

Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov