Econoday Economic Report: Challenger Job-Cut Report December 6, 2012

2012 Economic Calendar

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Challenger Job-Cut Report

Released On 12/6/2012 7:30:00 AM For Nov, 2012

	Prior	Actual
Announced Layoffs - Level	47,724	57,081

Highlights
Lay-off announcements rose in November, totaling 57,081 vs 47,724 in October. This is the highest level since May and the second highest in more than a year. Challenger notes that the bankruptcy of Hostess Brands added 18,500 to the month's total.

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

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: 1/5 2/2 3/8 4/5 5/3 5/31 7/5 8/2 9/6 10/4 11/1 12/6

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