US: Challenger Job Cuts rise to 24,586 in May from 22,913 in April

Planned job cuts in the US-based employers rose to 24,586 in May from 22,913 in April, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

"So far this year, employers have announced plans to cut 192,185 jobs from their payrolls, down 86% from the 1,414,828 jobs eliminated through the same period last year," the publication further read.

Market reaction

This report doesn't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was up 0.13% on the day at 90.02.