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October marks worst layoffs in 22 years; American household debt reaches record high

Name: October marks worst layoffs in 22 years; American household debt reaches record high
Uploaded: 2025-11-06T18:24:00-0500
Duration: 2 min 47 s
Description: Layoffs across the U.S. soared last month, marking the worst October cuts in 22 years, according to the firm Challenger, Gray and Christmas. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

Layoffs across the U.S. soared last month, marking the worst October cuts in 22 years, according to the firm Challenger, Gray and Christmas. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.