"In the early days of the COVID-19 pandemic, unemployment in the United States hit its highest level in more than half a century, topping out at 14.8% in April 2020. By the end of the following year, however, the job market had largely recovered, and the national jobless rate stayed below 4% from February 2022 through spring 2024 - a historic low."
"According to The Future of Jobs Report 2025 from the World Economic Forum, 40% of employers expect to reduce their workforce through AI adoption by 2030. The real-world implications of this trend are already evident in some key areas of the U.S. economy. Amazon, the second largest private sector employer in the United States, anticipates that ongoing integration of automation in its warehouses will allow the company to avoid hiring 160,000 workers by 2027 and as many as 600,000 workers by 2033."
Unemployment surged to 14.8% in April 2020, then fell and remained below 4% from February 2022 through spring 2024. By August 2025 the national jobless rate climbed to 4.3%, the highest in nearly four years. The World Economic Forum projects 40% of employers may reduce headcounts through AI adoption by 2030. Amazon expects automation to avoid hiring 160,000 workers by 2027 and up to 600,000 by 2033, signaling potential broader private-sector impacts. Despite those trends, overall U.S. employment grew 1.5% between 2023 and 2024, about 2.3 million jobs, while local job losses occurred in many cities.
Read at 24/7 Wall St.
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