- Challenger Job Cuts surge to an all-time high above 671K in April.
- US Dollar Index continues to move sideways above 100 after the data.
Planned job cuts in the US-based employers increased by 202% from 222,288 in March to a record high of 671,129 in April, Challenger Gray & Christmas announced in its latest Job Cut Report.
“Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts,” the publication read. “So far this year, 1,017,812 job cuts have been announced, 342% higher than the 230,433 announced in the first four months of 2019.”
The US Dollar Index largely ignored this data and was last seen posting small daily gains at 100.21.