AI & Jobs U.S. Adds 172,000 Jobs in May, Doubling Forecasts
BLS May report: 172,000 jobs added against an 80,000 consensus, unemployment steady at 4.3% — capping a week in which AI led layoff citations for a third straight month.
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AI & Jobs BLS May report: 172,000 jobs added against an 80,000 consensus, unemployment steady at 4.3% — capping a week in which AI led layoff citations for a third straight month.
AI & Jobs BLS's June 2 print pegged April openings at 7.62M — the highest since mid-2024, a 731K jump, the biggest single-month rise since 2021 — while hires fell 419K to 5.12M. Postings aren't turning into offers.
AI & Jobs On May 1, the day after Mag-4 earnings, Tesla's former VP of People wrote in Fortune that the AI-layoff story driving the headlines applies to roughly 20% of US workers. The 80% figure traces to BLS payroll data on hyperscaler vs. non-hyperscaler employment. The panic, in other words, is real for the people writing the panic and largely fictional for the people reading it.