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US job market: Layoffs spiked in October; report says highest for the month in 22 years

rThe wave of layoffs sweeping across the United States intensified in October, with more than 153,000 positions eliminated, the highest total for the month in 22 years, according to Challenger, Gray & Christmas.The consultancy, cited by CBS News, reported that employers have now disclosed almost 1.1 million job cuts since January. No year has seen…

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