Definition
A monthly tally of announced layoffs at US employers from Challenger, Gray & Christmas, an outplacement firm.
The story
It counts layoffs companies announce, not the ones that actually happen, and plans can change. It comes out early in the month, before the government jobs report, so traders read it as one more clue about the labor market.
Why markets watch it
Spikes in announced cuts can hint at a cooling job market before the official data shows it.
Connects to
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms