ADP shows November job loss
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AI jobs, emerging roles, and workforce transformation highlight how AI is reshaping hiring, development, and retention in the modern workplace.
The news is bleak.
U.S. employers have laid off the highest number of workers since the pandemic weakened the global economy.
Rather than costing jobs, Huang told Joe Rogan AI will create whole new industries, and jobs no one has ever thought of — like robot apparel maker.
A historic decline comes as Wall Street anticipated slight growth through the month.
Weakening job growth could lock in an interest rate cut by the Federal Reserve next week, according to economists.
California employers announced 173,022 job cuts in the first 11 months of this year, up nearly 14% from the same period last year, according to data from outplacement firm Challenger, Gray & Christmas.
US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls fell by 32,000 according ADP data on Wednesday.