The layoff data from the American Challenger company further confirms a weak labor market

On December 5, the number of layoffs in US challenger businesses in November recorded 57,727 people, an increase of about 27% compared to the same period last year. Financial website Forexlive analyst Justin Low stated that this is the sixth consecutive month that the number of layoffs has been higher than the same period in 2023. With a weak labor market, this trend is basically expected and the latest layoff data further confirms this situation.