Thursday, January 08, 2015 9:11:59 AM
Challenger Job-Cut Report
Released On 1/8/2015 7:30:00 AM For Dec, 2014
Prior Actual
Announced Layoffs - Level 35,940 32,640
Highlights
Challenger's count of layoff announcements for December totals 32,640 vs 35,940 in November and 30,623 in December last year. By industry, announcements were heaviest in food followed by automotive, health care and energy. For the full year, announcements totaled 483,171 which, in a solid indication of labor market health, is the lowest total since way back in 1997.
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
Released On 1/8/2015 7:30:00 AM For Dec, 2014
Prior Actual
Announced Layoffs - Level 35,940 32,640
Highlights
Challenger's count of layoff announcements for December totals 32,640 vs 35,940 in November and 30,623 in December last year. By industry, announcements were heaviest in food followed by automotive, health care and energy. For the full year, announcements totaled 483,171 which, in a solid indication of labor market health, is the lowest total since way back in 1997.
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
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