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Do recent layoffs signal AI is actually replacing human workers? Or, do those companies just think it sounds good to investors?
Employers announced 8% fewer layoffs in December than a year earlier.
New technology like robots and self-checkouts mean even while consumers are spending, retailers aren’t hiring more.
Without more detailed data from the federal government, it’s hard to know.
Melanie Ehrenkranz writes Laid Off, a newsletter she describes as “the coolest place on the internet to talk about being laid off.”
Nationally, the unemployment rate is low, at 4.2%. But it’s much higher in some parts of the country than others.
Job cut announcements rose 29% in July from the previous month, according to outplacement firm Challenger, Gray & Christmas.
Economic uncertainty has both employers and employees waiting on the sidelines.
Some of those job cuts are normal for the industry. But they’re also a response to looming tariffs.
In a reversal, women lost more federal jobs than men in April.