New data Challenger Job Cuts (Oct)

10/31/2024

actual 55.597, previous 72.821

The Challenger Job Cuts report for October is an economic indicator that measures the number of planned job cuts announced by companies in the United States. In this event, the actual number of job cuts reported was 55.597 thousand, which was lower than the previous month's figure of 72.821 thousand. This represents a decrease of 23.653% in the number of planned job cuts compared to the previous month. The data suggests that there were fewer announced job cuts in October, which could indicate potential stability or improvement in the labor market. However, the impact of this event is considered low, as it is just one of many factors that influence the overall economic outlook.

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