US: Challenger Job Cuts drop to 34,531 in February from 79,552 in January
|- US Challenger Job Cuts fell sharply in February.
- US Dollar Index clings to gains above 91.10 after the data.
Planned job cuts in the US-based employers dropped to 34,531 in February from 79,552 in January, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.
"Last month’s total is 39% lower than the 56,660 cuts announced in the same month last year," the publication further read. "Through February, employers have announced 114,083 job cuts, 8% lower than the 124,395 announced through the first two months of 2020."
Market reaction
The US Dollar Index largely ignored this report and was last seen gaining 0.25% on a daily basis at 91.18.
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