Red Alert in U.S. Employment: Layoff Rate Is Rising

Developments in the U.S. Labor Market

Challenger layoffs data for October reached the highest level since 2003. 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 marks the highest annual rate recorded since the Covid-19 panic period in 2020.

Possible Impacts of the Federal Reserve

Last week, the Federal Reserve made hawkish statements that negatively affected the cryptocurrency markets. Investors are closely monitoring the consequences of the Fed's tightening measures in current monetary policy.