US Layoffs Skyrocket to Highest Level Since Pandemic AI Blamed for 40% of Cuts

andsoitis

> AI Blamed So software engineers carry blame.

throwaway202528

The last actual report, June 5th: > Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. > The unemployment rate held steady at 4.3%, as expected. > Average hourly earnings rose 0.3% for the month and were up 3.4% over the past year.. More jobs, more jobs than expected, and higher wages. https://www.cnbc.com/2026/06/05/jobs-report-may-2026.html