US: Challenger Job Cuts decline to 64,797 in November from 80,666

• Challenger Job Cuts in the US declined sharply in November.
• US Dollar Index continues to push lower below 91.00 after the report.

Planned job cuts in the US-based employers declined by 19.7% to 64,797 80,666 in November from 80,666 in October, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.,

Commenting on the data, “news of a coming vaccine and clarity surrounding election results have sent markets soaring and given companies some stability as we end the year,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.

Market reaction

The US Dollar Index extended its slide and touched its lowest level in more than two years at 90.77.