Revised Data Reveals Nearly a Million Fewer U.S. Jobs, Highlighting Automation and Economic Challenges
TL;DR Summary
The US created nearly one million fewer jobs in the past year than previously reported, with significant declines in the tech sector attributed to AI-driven automation, indicating a weaker economic momentum and reshaping of the job market.
Topics:top-news#ai-automation#economic-growth#economy#labor-market-revision#tech-layoffs#us-jobs-data
- The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and it shows 'AI is automating away tech jobs,' economist says Fortune
- Massive jobs revisions are a stain on Joe Biden’s legacy, too CNN
- Job Growth Revised Down by Nearly a Million, Updated BLS Data Shows The New York Times
- BLS revision shows annual hiring was overstated by 911,000 jobs NPR
- The Job Market Is Hell The Atlantic
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