"It makes for a weaker starting point, as companies see new opportunities around the corner to use AI to automate their work. It's not a new trend: These sectors showed weak job creation or outright job losses for the last couple of years of the Biden administration. But it is striking that a GDP surge fueled by data center and AI investment hasn't been enough to generate more robust hiring."
"By the numbers: Overall employment is up 0.8% over the 12 months ended in September, but the hiring has been driven in significant part by health care, state and local government, and other less cyclical sectors. Manufacturing employment is down 0.7% over the last 12 months. Tariffs are weighing on the sector, but its job losses long predate the Trump trade wars, with year-over-year job losses for more than two years."
Overall employment rose 0.8% over the 12 months ended in September, driven mainly by health care, state and local government, and other less cyclical sectors. Manufacturing employment fell 0.7% over the year, with losses predating recent tariffs and lasting more than two years. Temporary help employment dropped 3% and has declined for three consecutive years. Transportation and warehousing and wholesale trade added jobs at rates below overall growth. Health care, social assistance, and leisure and hospitality accounted for over 100% of net job gains in 2025; excluding them, employment fell by 6,000 through September. Firms may be delaying hires anticipating AI-related productivity gains.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]