Job cuts surge in October: strikes, layoffs, small business closures up sharply; DISASTROUS jobs report – Only 12K jobs added; last two months revised down by 112K.

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. …

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