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)

by confoundedinterest17

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.

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Markets drive me crazy.

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