"Red Alert in US Employment: Layoff Rate is Rising"

Developments in the U.S. Labor Market

Challenger layoffs reached their highest level since 2003 in October. This increase raises concerns in the markets and highlights the seriousness of the situation in the labor market.

Since the beginning of the year, layoffs have exceeded 1 million. This figure is recorded as the highest annual rate since the Covid-19 panic period of 2020.

Possible Effects of the Federal Reserve

Last week, the hawkish statements made by the Federal Reserve have negatively impacted cryptocurrency markets. Investors are closely monitoring the consequences of the Fed's tightening of current monetary policies.