US Job Cuts Hit Highest Level in 20 Months as Downturn Fears Grow

Despite a beardown jobs marketplace study earlier this week, October saw the largest magnitude of monthly job cuts since February 2021. Many American companies are expecting an economical downturn heading into the 4th quarter, starring to fears that much cuts are apt to come. The U.S. labor market has remained beardown this year, contempt scattered of layoffs, with definite sectors taking a beating, arsenic the Federal Reserve raised its benchmark complaint again connected Nov. 2...