Tracking Real Time Layoffs with SEC Filings: A Preliminary Investigation

• DOI: 10.17016/feds.2024.020
• Publication Date: 2024-04-12T16:47:41Z
• Authors: Leland D. Crane; Emily Green; Molly Harnish; Will McClennan; Paul E. Soto; Betsy Vrankovich; Jacob Williams
• Keywords: Layoff

We explore a new source of data on layoffs: timely 8-K filings with the Securities and Exchange Commission. develop measures both number reported layoff events affected workers. These series are highly correlated business cycle other indicators. Linking firm-level WARN notices suggests that sometimes available before notices, preliminary regression results suggest our useful for forecasting. also document industry composition specific areas where shares diverge.