2018 Economic Calendar
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Challenger Job-Cut Report  
Released On 12/6/2018 7:30:00 AM For Nov, 2018
Announced Layoffs - Level75,644 53,073 

First it was Wells Fargo then Verizon and now General Motors making for a third straight month of elevated Challenger results, at 53,073 in November vs 75,644 in October and 55,285 in September. The average over these three months is 61,344 in a reading last approached in early 2016. Auto layoffs totaled 14,040 in November with healthcare a distant second at 4,300 followed by retail at 3,769.

Layoff announcements don't translate to immediate layoffs but they do point to future layoffs. Actual unemployment claims have been pivoting higher from historic lows the last couple of months and may very well continue to do so based on indications of a softening labor market from Challenger.

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

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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