2008 U.S. Economic Calendar
                     POWERED BY  
Challenger Job-Cut Report
Released on 10/1/08 For Sep 2008
Announced Layoffs - Level
Actual 95,094
2008 Release Schedule
Released On: 1/3 2/4 3/5 4/2 5/1 6/4 7/2 8/4 9/3 10/1 11/5 12/3
Released For: Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Definition
A monthly report on the number of announced corporate layoffs. It is not adjusted for seasonal variations. The report indicates trends in the labor market.
Why Do Investors Care?
These statistics on layoffs help us gauge the strength of the job market. Fewer layoffs suggests more people have jobs. Every job comes with an income, which gives a household spending power. Spending greases the wheels of the economy and keeps it growing, so the stronger the job market, the healthier the economy.

There's a downside to it, though, which is relevant these days. When few people are looking for jobs, businesses can have a tough time finding new workers. They might have to pay overtime to current staff, use higher wages to lure people from other jobs, and in general spend more on labor costs because of a shortage of workers. This leads to wage inflation, which is bad news for the stock and bond markets.

The Challenger report breaks down the layoffs into industries, which provides insight to trends that likely will effect stock prices in specific industries. Note that not all announced layoffs culminate in actual layoffs.