Good Thing! Challenger Job Cuts Drop From 185.9% YoY In September To 60.4% YoY In October (Initial Jobless Claims Remain The Same, Bitcoin and Gold Up)

November 5, 2020, 10:12 AM by Alex Mark

Good Thing! Challenger US Job Cut Announcements Year Over Year Percent Change fell from 185.9% in September to 60.4% in October.

However, unit labor costs (a favorite measure of The Fed) fell from +9.0% to -8.9%.

Both Gold and Bitcoin are up this morning.

And the Dow Mini is up over 300 points prior to opening.

This may be the most misleading ad campaign of all time.

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