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More Than 50,000 Jobs Cut in October

Challenger, Gray & Christmas Inc. News Release (11/05/15)

U.S. employers announced plans to eliminate 50,504 workers from their payrolls in October, according to Challenger Gray, & Christmas Inc. More than one-quarter of those were oil-related job cuts, which climbed to a six-month high. October job cuts were 14% lower than the 58,877 cuts announced in September. They were down 1.3% from a year ago, when 51,183 October job cuts were recorded.

Employers have announced 543,935 job cuts so far in 2015, 31% more than the 414,591 cuts announced by this point in 2014.