2017 Economic Calendar
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Challenger Job-Cut Report  
Released On 8/31/2017 7:30:00 AM For Aug, 2017
PriorActual
Announced Layoffs - Level28,307 33,825 

Highlights
Layoff announcements remained subdued but did increase in August, to 33,825 from 28,307 in July for the highest total since April. Construction, where demand for labor is strong, surprisingly had the highest layoff total in August followed by retail where layoffs have been heavy this year. Unlike most advance indications, these results are not pointing to increasing strength for tomorrow's August employment 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
 
 

2017 Release Schedule
Released On: 1/52/23/94/65/46/17/68/38/3110/511/212/7
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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