Econoday Report: Challenger Job-Cut Report 6, 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 6/6/07 For May 2007

Announced Layoffs - Level
Actual	71,115
Previous	70,672

Highlights
Challenger's job-cut count totaled 71,115 in May, little changed from 70,672 in April and compared with 53,716 in May last year. The results are in line with trend and follow last week's employment report for May which proved also in trend.

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