<ul><li>Prior 29.99k</li></ul><p style=““ class=“text-align-justify“>US-based employers announced 33,843 job cuts in October, a 13% increase from the previous month and 48% higher than the number announced in the same month last year. Of note, the job cuts in October were the highest in a single month since February 2021 when 34,531 job cuts were recorded. Challenger notes that:</p><p style=““ class=“text-align-justify“>“We are beginning to see more job cut activity in the fourth quarter, historically when the bulk of cuts occur, as companies finalize budgets and plans. Many companies are anticipating a downturn, and with a still-tight labor market and the Fed’s rate hikes, more cuts will be on the way as we enter 2023.”</p><p style=““ class=“text-align-justify“>/<a target=“_blank“ href=“https://www.forexlive.com/terms/u/us-dollar/“ target=“_blank“ id=“fddda8f4-d5f8-4ee4-8e34-3760ed062f3c_1″ class=“terms__main-term“>US Dollar</a></p>

This article was written by Justin Low at forexlive.com.