Reported about 7 hours ago
In October, US employers cut 153,074 jobs, marking a 175% increase from the previous year, according to a report by Challenger, Gray & Christmas, the highest for the month since 2003. Federal Reserve officials, including President Beth Hammock and Governor Steven Myran, are closely monitoring layoff trends and their impacts on the labor market, noting both cyclical and structural factors at play. The Fed remains attentive to these developments as they could influence future interest rate decisions.
Source: YAHOO