2012 Economic Calendar
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Challenger Job-Cut Report
Released On 4/5/2012 7:30:00 AM For Mar, 2012
PriorActual
Announced Layoffs - Level51,728 37,880 

Highlights
Challenger's layoff count fell to 37,880 in March vs 51,728 in February and 41,528 in March last year. Layoff announcements last month were heaviest in the telecom, education, and industrial goods sectors. Challenger data are not seasonally adjusted which makes month-to-month readings hard, but today's results hint at strength for Friday's monthly jobs report.

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
 

 

2012 Release Schedule
Released On: 1/52/23/84/55/35/317/58/29/610/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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