2018 Economic Calendar
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Challenger Job-Cut Report  
Released On 7/5/2018 7:30:00 AM For Jun, 2018
PriorActual
Announced Layoffs - Level31,517 37,202 

Highlights
June layoff announcements came in steady and low, at 37,202 vs 31,507 in May. For the second quarter as a whole, layoffs averaged a monthly 34,933 which is well down from 46,793 in the first quarter and compared against 33,600 in the first quarter last year.

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
 
 

2018 Release Schedule
Released On: 1/42/13/84/55/35/317/58/29/610/411/112/6
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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