U.S. Economic Indicators Set for Release: Job Cuts and Supply Chain Data Highlight November

The U.S. economic landscape is about to get a major shakeup with the release of several key indicators this week. First, at 20:30 UTC+8, we’ll see the November Challenger job cuts report which sheds light on recent workforce adjustments. Then, at 21:30 UTC+8, initial jobless claims for the week ending November 29 are expected to hit 220,000. Finally, at 23:00 UTC+8, the Global Supply Chain Pressure Index and September factory orders monthly rate will be released. These releases offer a glimpse into key sectors of the U.S. economy.