U.S. October Monthly Job Cuts Surged to a 22-Year High

Recession fears are rising across the United States as October job cuts hit their highest level in 22 years, signaling deepening economic strain under the Trump administration. According to new labor data, companies across tech, manufacturing, and finance announced mass layoffs amid slowing growth and rising borrowing costs. Analysts warn that the surge in job losses could be the clearest sign yet that “Trumperica” is heading toward a major economic downturn.