Job cuts accelerate in October with strikes, mass furloughs, layoffs, & small business closures at elevated levels.
Over 109,000 cuts per our preliminary figure. Final figure available on Sunday, as always. #MacroEdge #DrivenbyData pic.twitter.com/9cPnR1qDr9
— MacroEdge (@MacroEdgeRes) October 31, 2024
*US BLS: OCT. TRANSPORT EQUIP. JOBS FALL 44K, REFLECTING STRIKE
*US BLS:HURRICANES LIKELY AFFECTED OCT. PAYROLLS IN SOME SECTORS
— Joe Weisenthal (@TheStalwart) November 1, 2024
CHIP GIANT INTEL TO LAYOFF ANOTHER
16,500 EMPLOYEES AFTER LAYING OFF 19,000 EMPLOYEES JUST A FEW WEEKS AGO TO SAVE MONEY$INTC pic.twitter.com/sUdsQGGajV— GURGAVIN (@gurgavin) October 31, 2024
Job growth evaporated in Oct, partially due to hurricanes and strikes, but good chance labor recovery is done; private payrolls fell 28k; note household survey’s employment level also fell hard (-368k), even though it counts many of those affected by hurricanes as still employed:
Job growth evaporated in Oct, partially due to hurricanes and strikes, but good chance labor recovery is done; private payrolls fell 28k; note household survey's employment level also fell hard (-368k), even though it counts many of those affected by hurricanes as still employed: pic.twitter.com/rxEpuzR1OP
— E.J. Antoni, Ph.D. (@RealEJAntoni) November 1, 2024
Nasdaq/S&P500
Update✍️
Both depict 3 month trend breaches.
Now we get the distribution churn before they both let go. pic.twitter.com/Gc4dtskFM1
— The Great Martis (@great_martis) October 31, 2024