labels: US labor market
McKinsey indicates that AI could force 11 million U.S. workers to change careers by 2035.
McKinsey indicates that AI could force approximately 11 million U.S. workers, or 7% of the workforce, to change careers by 2035, with those at highest risk in administrative, retail, sales, transportation, and logistics jobs.US companies announce job cuts of 530,000 positions, the lowest in four years; the labor market remains "fewer hires, fewer layoffs."
U.S. companies announced job cuts of 529,914 positions in the first eight months of the year, the lowest since 2022, while hiring plans reached their highest level since 2023, but actual hiring remains slow to recover."Gen Z in the US" flock to skilled tradespeople careers after AI boosts the popularity of labor-intensive influencers.
The BlueCollar trend, with 4.7 million posts on TikTok, is helping to attract Gen Z into skilled trades amid concerns that AI will replace office jobs.AI is shaking up the US labor market! The technology and financial sectors are losing an average of 28,000 jobs per month.
Recent data indicates that AI is beginning to impact the U.S. labor market, with employment in the financial and technology sectors, the most advanced adopters of AI, declining by an average of 28,000 positions per month.The market is watching this week's US labor and inflation data, which will determine the direction of global interest rates.
The market is watching this week's US labor and inflation data to assess whether inflation is truly cooling and how much room central banks will have to ease monetary policy this year.US workers shaken! October layoffs surge 183% due to AI, cost reductions, and government shutdown
The US labor market continues to weaken after October layoffs hit a 22-year high, impacted by AI-powered labor replacement, company cost-cutting and the federal government shutdown.The "AI wave" shook the US labor market in October 68, with layoffs reaching a 20-year high.
The "AI wave" is shaking up the US labor market, prompting restructuring. In October 68, layoffs reached a 20-year high, while the total number of layoffs this year exceeded 1 million.Warning signs for the US labor market after layoffs surge to nearly 1 million in the first nine months of 2025
US layoffs surge to nearly 1 million in the first nine months of 2025, the highest since the COVID era, as major companies continue to cut jobs amid pressure from AI technology and tax costs.
