#economy

why this time I hear target is on STCB, they dont charge so much , cut at expensive locations will help the economy

Job cuts are expanding beyond the tech sector, affecting government, retail, and financial services. Older workers, often in higher-paying positions, face increased difficulty re-entering the workforce due to age bias and evolving skill requirements. Industries like healthcare, education, and utilities offer more stability for this demographic. Staying current with skills and maintaining professional networks are crucial for mitigating risks. Understanding industry trends can help individuals prepare for potential job market shifts.

https://financebuzz.com/news/layoffs-rising-industries-workers-over-50-know-2

We Must Act Now
Statement on AI’s Transformation of the Economy

AI may become radically more powerful over the next 10 years.
This could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame. It could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards.

Economists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society.

Signatories

Erik Brynjolfsson, Stanford University

Ajay Agrawal, University of Toronto

Anton Korinek, University of Virginia and Anthropic

Tom Cunningham, METR

Michael Spence, New York University*

Daron Acemoglu, MIT*

Diane Coyle, University of Cambridge

Chad Jones, Stanford University

David Autor, MIT

Joseph Stiglitz, Columbia University*

Niall Ferguson, Stanford University

Jason Furman, Harvard University

Simon Johnson, MIT*

Christopher A. Pissarides, London School of Economics*

Paul Milgrom, Stanford University*

George Akerlof, Georgetown University and University of California, Berkeley*

Philippe Aghion, INSEAD*

Dan Hendrycks, Center for AI Safety

Eric Schmidt, Former CEO of Google

Peter Howitt, Brown University*

Oliver D. Hart, Harvard University*

Bengt Holmstrom, MIT*

Alvin Roth, Stanford University*

Michael Kremer, University of Chicago*

Roger B. Myerson, University of Chicago*

Paul Krugman, Graduate Center of the City University of New York*

Ben Bernanke, Brookings Institution*

Robert J. Shiller, Yale University*

Pascual Restrepo, Yale University

Jaan Tallinn, University of Cambridge

Daniel Susskind, Gresham College

Yoshua Bengio, Université de Montréal, LawZero and Mila

Gillian Hadfield, Johns Hopkins University

Raffaella Sadun, Harvard Business School

Tyler Cowen, George Mason University

Reid Hoffman, Greylock

Wojciech Zaremba, OpenAI Foundation

David J. Deming, Harvard University

Jack Clark, Anthropic

Ronnie Chatterji, OpenAI

Dean Ball, OpenAI

Jeff Dean, Google

Joshua Gans, University of Toronto

Abhishek Nagaraj, University of California, Berkeley

Jeffrey Sachs, Columbia University

Peter McCrory, Anthropic

Alex Imas, University of Chicago

Stephanie Bell, Partnership on AI

Rebecca Finlay, Partnership on AI

Gina Raimondo, RAISE US

Yann LeCun, Advanced Machine Intelligence Labs

John McHale, University of Galway

Oskar Nordström Skans, Uppsala University

Ebehi Iyoha, Harvard Business School

Kevin Bryan, University of Toronto

Judy Chevalier, Yale University

Shannon Liu, University of Toronto

Shai Bernstein, Harvard Business School

Alexander Oettl, Emory University

Benjamin Jones, Northwestern University

Scott Stern, MIT

Hong Luo, University of Toronto

Amir Sariri, Purdue University

John List, University of Chicago

Rebecca Henderson, Harvard Business School

Ben Weidmann, University College London

Kristina McElheran, University of Toronto

Basil Halperin, University of Virginia

Christian Catalini, MIT

Rembrand Koning, Harvard Business School

Lee Lockwood, University of Virginia

Daniel Trefler, University of Toronto

Annie Liang, Northwestern University

Anders Humlum, University of Chicago

Jonathan Colmer, University of Virginia

Maria del Rio-Chanona, University College London

Janice Stein, University of Toronto

David Yanagizawa-Drott, University of Zurich

Frank Neffke, Complexity Science Hub

Eva Vivalt, University of Toronto

Doh-Shin Jeon, Toulouse School of Economics

Adam Posen, Peterson Institute for International Economics

Jakub Growiec, SGH Warsaw School of Economics

David Hémous, University of Zurich

Elliott Ash, ETH Zurich

Klaus Prettner, Vienna University of Economics and Business

Donghyun Suh, Bank of Korea

Benjamin Moll, London School of Economics

Philipp Schmidt-Dengler, University of Vienna

Olivier Blanchard, Peterson Institute for International Economics

Emilio Calvano, LUISS University of Rome

John Van Reenen, London School of Economics

Maryam Farboodi, Cornell University

Sholto Douglas, Anthropic

John Schulman, Thinking Machines

Martin Beraja, University of California, Berkeley

John Fernald, INSEAD

Boaz Barak, Harvard University and OpenAI

Arnaud Costinot, MIT

Noam Brown, OpenAI

Anna Salomons, Tilburg University and Utrecht University

Olivier Jeanne, Johns Hopkins University

Neil Thompson, MIT

Simone Daniotti, Utrecht University

Jerry Yang, AME Cloud Ventures

Leonardo Gambacorta, Centre for Economic Policy Research

Daniel Kokotajlo, AI Futures Project

Michiel Bakker, MIT and Google DeepMind

Manuel Trajtenberg, Tel Aviv University

Giacomo Calzolari, European University Institute

Jeff Wilke, Re:Build Manufacturing

Jacques Crémer, Toulouse School of Economics

Danny Yagan, University of California, Berkeley

Beatrice Weder di Mauro, Centre for Economic Policy Research

Max Tegmark, MIT

Vinod Khosla, Khosla Ventures

Benjamin Shiller, Brandeis University

Oren Etzioni, University of Washington

Martin Ford

Oded Galor, Brown University

Sarah Friar, OpenAI

Marc L. Busch, Georgetown University

Walid Hejazi, University of Toronto

Dilip Soman, University of Toronto

John Danaher, University of Galway

Thomas Astebro, HEC Paris

Alex Tabarrok, George Mason University

Alberto Galasso, University of Toronto

Alfonso Gambardella, Bocconi University

Reza Satchu, Harvard Business School

Alex Whalley, University of Calgary

Tom Davidson, Forethought Center for AI Strategy

Laurina Zhang, Boston University

Andrew Scott, University of Oxford

Jean-Etienne de Bettignies, Queen's University

Sam Manning, GovAI

Joel Blit, University of Waterloo

Sampsa Samila, IESE Business School

Roshni Raveendhran, University of Virginia

Liz Lyons, University of California, San Diego

Ramana Nanda, Imperial College London

Marianne Bertrand, University of Chicago

Arnaldo Camuffo, Bocconi University

Maxim Massenkoff, Anthropic

Petra Moser, New York University

Shivaji Sondhi, University of Oxford and Princeton University

Danny Buerkli, Windfall Trust

Carles Boix, Princeton University

Anna Yelizarova, Windfall Trust

Ken Ono, Axiom Math and University of Virginia

Isaiah Andrews, MIT

Anders Sandberg, University of Oxford

Martin Chorzempa, Peterson Institute for International Economics

Gita Gopinath, Harvard University

Zoë Hitzig, Anthropic

Lawrence Katz, Harvard University

Nathan Wilmers, Anthropic

Sebastian Becker, HEC Paris

Markus K. Brunnermeier, Princeton University

Sebastian Mallaby, Council on Foreign Relations

Adrian Brown, Windfall Trust

Sonia Sennik, Creative Destruction Lab

Ioana Marinescu, University of Pennsylvania

Nicholas Bloom, Stanford University

Johannes Hermle, Anthropic

Ashesh Rambachan, MIT

Brian Jabarian, Carnegie Mellon University

Lukas Althoff, Stanford University

Soumitra Shukla, Harvard Business School

Andrey Fradkin, Boston University

Andrew Koh, Columbia University

Prasanna Tambe, University of Pennsylvania

Cheryl Wu, Yale University

Albert Wenger, Union Square Ventures

Gigi Danziger, Eutopia

Chris Tonetti, Stanford University

Justin Bullock, Americans for Responsible Innovation

Bryan Seegmiller, Northwestern University

Betsey Stevenson, University of Michigan

Stefanie Stantcheva, Harvard University

Justin Wolfers, University of Michigan

Eva Lyubich, Anthropic

Chrishan Thuraisingham

Szymon Sacher, Anthropic

Thomas Houlden, Columbia University

Ben Golub, Northwestern University

Carlos J. Serrano, HEC Paris

Heski Bar-Isaac, University of Toronto

William Strange, University of Toronto

Jen Baggs, University of Victoria

Victor Aguirregabiria, University of Toronto

Melissa Lynne Dell, Harvard University

Jasmine Sun

Rob Reich, Stanford University

James Landay, Stanford University

Anousheh Ansari, XPRIZE Foundation

Fiona Chen, Harvard University

Michael Nayak, XPRIZE Foundation

George Williamson, The Alan Turing Institute

Michael Chui, McKinsey

Gabriel Unger, Stanford University

Katya Klinova

Parker Whitfill, METR

Arvind Karunakaran, Stanford University

Georgios Petropoulos, University of Southern California Marshall School of Business

José Ramón Enríquez, Stanford University

Christos Makridis, Arizona State University

Luca Vendraminelli, Stanford University

Alvin Wang Graylin, Stanford University

Sophia Kazinnik, Stanford University

Christina Langer, Stanford University

Riitta Katila, Stanford University

Lynn Wu, University of Pennsylvania

Matt Beane, University of California, Santa Barbara

David Nguyen, Stanford University

Avinash Collis, Carnegie Mellon University

Pamela Mishkin, Stanford University

Andy Haupt, Stanford University

Neale Mahoney, Stanford University

Robb Willer, Stanford University

Sinan Aral, MIT

Thomas W. Malone, MIT

Wajeeha Ahmad, Stanford University

Diyi Yang, Stanford University

Mary MacLennan

Wang Jin, Chapman University

Arjun Ramani, MIT

Glen Weyl, Microsoft Research

J. Frank Li, University of British Columbia

Jeremy Howard, fast.ai

Matt Gentzkow, Stanford University

Bharat Chandar, Stanford University

Jiaxin Pei, Stanford University

Sarah Bana, Chapman University

Ramiz Razzak

Molly Kinder, Breakwater Initiative

Arvind Narayanan, Princeton University

Laura Tyson, University of California, Berkeley

Tristan Harris, Center for Humane Technology

Christie Ko, Stanford University

Susan Young, Stanford University

• Nobel laureate

Is the wealth that our nation and economy create being distributed to the working class? This is a serious question, not trolling, just watching news recently and asking myself questions about this as I see a fair level of pent up anger on both left and right sides. I know that there is a layer of folks (I am partially there) that feels that things are OK, I am unsure if my three adults kids would fall into this category. Thoughts?

U.S. National Debt (Record Growth) -

(Current) $39.9 Trillion (and rising).

(Current) $111.0 Billion in Interest (and rising) paid (each year) by U.S. Taxpayers to Investors that finance it (U.S. based, Japan, China; etc.) via U.S. Treasury bonds.

(Current) 123.19% Debt-to-GDP ratio - (2000) 56.63%, in (2025) 98.0%.

May 2026 - The U.S. Treasury called the U.S. Government (Insolvent).

(Current) Fed Balance Sheet - $6.76 Trillion (and rising).

There are consequences in the future, yes the Fed can print (Fiat) currency; but that causes devaluation-debasement of the U.S. dollar over time.

Initial jobless claims saw a modest increase last week, reaching 209,000. Despite this rise, the overall rate of layoffs continues to be historically low. This suggests a resilient labor market overall. The figures indicate a slight uptick rather than a significant downturn. The trend remains within a healthy range.

Washington, D.C.

https://www.kens5.com/article/syndication/associatedpress/us-applications-for-unemployment-benefits-rose-to-209000-last-week-but-layoffs-remain-at-historically-healthy-levels/616-0a57ecfc-0858-4fd0-b6b5-6b9b3837ce4d

Worker productivity saw a significant acceleration in the second quarter, outpacing expectations and helping to curb labor cost gains. Initial unemployment claims saw a slight uptick, but overall layoffs dropped to a two-year low in July, indicating a stable labor market. Economists suggest that the adoption of artificial intelligence may be contributing to this productivity surge. Despite these positive signs, the Federal Reserve may still consider interest rate hikes next month if inflation does not improve. The data suggests that AI buildout has not yet led to widespread job losses.

Washington

https://libn.com/?p=559782

Chicago Fed President Austan Goolsbee stated that rising prices are the primary economic challenge for Americans. He noted that labor market indicators show stability, not distress. Goolsbee explained that current employment figures do not reflect a crisis. The Federal Reserve is therefore prioritizing efforts to curb persistent price growth. This focus allows policymakers to address inflation without the immediate pressure of a collapsing job market.

Chicago, Illinois

https://es.tradingview.com/news/stocktwits:f9aa99f12094b:0-inflation-remains-america-s-chief-economic-malady-warns-chicago-fed-s-goolsbee/

https://www.yahoo.com/finance/economy/policy/articles/brazil-bought-5-2-billion-040800200.html

Oregon's unemployment rate has significantly increased, now ranking as the third highest nationally. This rise began approximately three years ago, with the jobless rate hovering above 5% for the past year. Major layoffs at prominent companies like Intel, Nike, and OHSU, alongside weakness in construction and manufacturing, have impacted the state's economy. Unlike other western states, Oregon has experienced consistent year-over-year job losses since January. Employment in Multnomah County remains substantially below its 2019 peak.

Portland, Oregon

http://www.chronline.com/stories/oregon-unemployment-rate-climbed-from-middle-of-the-pack-to-near-the-top,406510

Private equity only works because the United States dollar is no longer linked to gold.

Now, when the United States needs more money they can simply print it out of thin air. It doesn't have to be linked to a physical asset like gold.

This means our economy runs on high debt, high inflation, and an ever expanding economy built on a hollow stack of cards.

This allows private equity to skyrocket since their business model works because inflation always goes up in service of their debt.

Inflation always reduces the real value of your debt.

Despite over 2,600 layoffs in Houston during the first half of 2026, the regional economy is showing resilience. High oil prices are significantly boosting the energy sector, a key driver of local employment. Economists note that Houston's economic acceleration is notable against a cooling national trend. The World Cup also contributed to job gains in sectors like leisure and hospitality. Overall, the job market is performing better than initially anticipated.

Houston, Texas

https://www.houstonchronicle.com/business/article/houston-layoffs-jobs-2026-22369185.php

Tennessee's job growth has significantly decelerated, leading to a more competitive environment for individuals seeking employment. This slowdown presents new challenges for the state's workforce. Economists are observing this trend closely. The current economic climate suggests a shift in the labor landscape. Job seekers may need to adapt their strategies in response.

Nashville, Tennessee

https://finance.yahoo.com/economy/articles/tennessee-job-growth-slows-sharply-234500453.html

BECAUSE THE ECONOMY IS AWFUL AND NOBODY IS HIRING

Corporate uncertainty at major employers like Nike and Intel is rapidly affecting local housing markets, even before official job losses occur. Potential homebuyers, sensing instability, are delaying major purchases due to job security concerns. This psychological shift precedes actual income loss, causing a noticeable slowdown in market activity. While hiring cycles used to boost demand, the current recovery is less pronounced. Consequently, discretionary purchases are down, leaving a thinner pool of buyers for higher-priced homes.

Beaverton, Oregon

https://www.citybiz.co/article/877126/beaverton-home-sales-track-nike-and-intel-layoff-cycles-in-real-time/

Why are Employment Layoff's increasing since 2025 (across the board) in every sector except Healthcare, and Education.

The (Real) U.S. Economy is (Faltering) in (Many) ways, as seen in the FHA (Federal Housing Administration) Foreclosure rates (continuous rise); and the long-term Unemployment numbers (more than 6 months) continuous rise; also.

The Financial media tries to hide it to save the top-10.0% wealth.

But it won't matter when the Truth comes out more-and-more.

It will be reflected in a Major U.S. stock market correction-crash developing over time 2026 > 2027, along with rising Crude Oil prices that are coming; which will impact the Global economic-financial system Very Negatively (including both the U.S. Housing & U.S. stock markets) over time.

☆ I have listed (Only) some of the reasons why.

The Titanic has sailed again.

The (Truth) -

Why are Employment Layoff's increasing since 2025 (across the board) in every sector except Healthcare, and Education.

The (Real) U.S. Economy is (Faltering) in (Many) ways, as seen in the FHA (Federal Housing Administration) Foreclosure rates (continuous rise); and the long-term Unemployment numbers (more than 6 months) continuous rise) also.

The Financial media tries to hide it to save the top-10.0% wealth.

But it won't matter when the Truth comes out more-and-more.

It will be reflected in a Major U.S. stock market correction-crash developing over time 2026 > 2027, and rising Crude Oil prices are coming; which will impact the Global economic-financial system Very Negatively (including both the U.S. Housing & U.S. stock market) over time.

☆ I have listed (Only) some of the reasons why.

The Titanic has sailed again.

A Rutgers University report forecasts sluggish economic growth for New Jersey over the next two years, predicting a rate below the national average. The state's job market is expected to weaken, with employment growth projected to slow significantly in 2026. While education and health services have driven recent job gains, other sectors have experienced declines. Population growth, largely fueled by international migration, is also anticipated to decrease. The report suggests New Jersey's unemployment rate will remain higher than the national figure.

New Brunswick, New Jersey

https://jerseyvindicator.org/2026/07/11/new-jersey-economy-expected-to-trail-u-s-growth-for-next-2-years-rutgers-report-says/

The Creighton University Mid-America Business Conditions Index climbed to 56.0 in June. This indicates solid economic growth in the regional manufacturing sector. However, the employment index remained weak at 49.8, showing job losses. The region's manufacturing sector shed 15,000 jobs over the past year. Wholesale prices remained elevated, undermining chances for Federal Reserve rate cuts.

https://ruralradio.com/kneb-tv/news/regional-manufacturing-improves-despite-job-losses-inflation/

The Bloomington Economic Development Corp. hosted a regional economy event. Phil Powell presented a report on Monroe County's economic status. He noted the economy is holding steady but faces challenges. Average hourly earnings declined, while some sectors saw job growth. Powell urged leaders to develop a stronger regional economic strategy.

Bloomington, Indiana

https://www.heraldtimesonline.com/story/business/columns/2026/06/25/stronger-regional-strategy-needed-for-bloomingtons-economic-success/90679476007/

The global economy now uses roughly half as much energy per dollar of output as it did in 1980, helping cushion oil shocks.

Read more in F&D magazine.

https://www.imf.org/.../2026/06/picture-this-shock-absorbers

Oil prices have risen sharply with the latest war in the Middle East, reviving memories of the 1970s. The effective closure of the Strait of Hormuz, a route for about a quarter of seaborne oil trade, represents a major global supply shock. The damage will depend largely on how long the disruption lasts. Oil markets were well supplied heading into the disruption, strategic stock releases added barrels, and buoyant financial markets helped limit broader tightening in financial conditions.

Beyond these immediate buffers, two structural factors have also cushioned the blow. First, the world economy is far more energy efficient than it was 50 years ago. Each dollar of output now requires roughly half as much energy as it did in 1980.

Second, the energy system is more diversified. Oil’s share of the mix has fallen from about half in 1973 to less than a third today. Oil remains the world’s leading fuel, but it no longer dominates.

Even so, these cushions do not protect countries from pain evenly. Ultimately, the severity of the shock at the country level depends on two things: how much oil an economy imports and how much policy space its government has to respond. More than 80 percent of countries are net oil importers, and the most vulnerable entered this episode with limited room in public budgets to shield households and businesses. That is why the same global shock can become a much harsher national one where import dependence is high and policy space is thin.

Weekly jobless claims decreased last week. The weekly total dropped to 215,000. This figure was below analyst expectations. Job cuts remained minimal amid economic concerns. The national job market shows resilience.

https://www.wral.com/news/ap/6c38e-us-jobless-aid-filings-fall-to-215-000-last-week-as-layoffs-remain-low-despite-economic-headwinds/

Washington's unemployment rate held steady at 5.2% in May. The state economy added 10,600 jobs during the month. This represented the largest one-month gain this year. However, the unemployment rate was 4.5% in May 2025. Overall jobs decreased by 0.2% since that time.

https://www.kuow.org/stories/wa-employers-added-jobs-in-may-but-unemployment-rate-stayed-stuck-at-5-2

• Job openings jumped to 7.6 million in April, the highest level since May 2024.
• Hiring fell sharply despite increased demand, reflecting a slow-moving labor market.
• Layoffs and quits declined, indicating both employers and workers are making fewer moves.

https://www.cnbc.com/2026/06/02/job-openings-april-2026.html

Arizona experienced eased layoff notices in May. This easing was slight. It followed an April surge in notices. The trend aligns with a state jobs report. That report indicated unemployment stabilizing.

https://www.azcentral.com/story/money/business/jobs/2026/06/02/honeywell-4-arizona-employers-mass-layoffs-may-2026/90355530007/

US job vacancies showed a notable increase in April. The number of available roles climbed to 7.62 million. Job separations decreased to 1.69 million. This suggests a robust labor market. A single sector, professional services, drove most of this rise.

https://www.spokesman.com/stories/2026/jun/02/us-job-openings-jump-to-nearly-two-year-high-as-la/

https://www.foxbusiness.com/economy/top-ceos-brace-downturn-warn-us-economy-worsen-in-next-6-months#:~:text=Only%2015%25%20of%20CEOs%20say,felt%20that%20way%20last%20quarter.

Not shocking however predictions show more layoffs across the economy and that is really not good for anyone regardless. Salaries likely not going up much either.

America's New Car Market Just Lost 1 Million Buyers, And It's Getting Worse

https://finance.yahoo.com/economy/articles/americas-car-market-just-lost-144500628.html

Wisconsin's job market is experiencing a cooling trend. This mirrors a national deceleration in economic growth. New graduates face challenges finding work, though openings exist. AI's long-term impact on job substitution remains unclear. Healthcare and construction show growth, and retirements create many opportunities.

Wisconsin

https://pbswisconsin.org/news-item/scott-hodek-on-wisconsins-job-market-layoffs-and-ais-role/

Americans filed 215,000 initial jobless claims last week. This represented a 5,000 increase from the prior week. Economists had predicted 211,000 claims. Layoffs remained low despite ongoing economic uncertainties. Continuing unemployment benefits recipients also increased by 15,000.

https://www.reuters.com/business/us-weekly-jobless-claims-increase-marginally-amid-low-layoffs-2026-05-28/

I know the obvious answer is because of who the POTUS is. But how does the market continue to rise despite unemployment likely to hit 30-40 percent by Q1 2027

If you factor in actual inflation, rather than the numbers the government reports, wages are falling rapidly.

And both political parties share the blame. We have an uniparty anyway.

Have you looked at the price of a new car lately? Or a refrigerator? Or even steak?

Everyone is watching the layoffs but only some are paying attention to the real issue -hiring has slowed dramatically...

The headlines make it sound like AI is eliminating jobs overnight. The actual labor data tells a more tricky story. Layoffs are still relatively close to pre-pandemic norms. What has changed is that companies are hiring less aggressively, which makes it much harder for people entering the market, changing jobs, or recovering from layoffs.

There is also a growing amount of what even industry leaders are calling “AI washing” - companies attributing cuts to AI when the underlying causes may include overhiring, cost pressure, restructuring, or shareholder expectations.

That does not mean AI is not changing work. It clearly is. But the broader employment picture right now looks more like a low-hire, low-fire environment than a mass AI replacement event.

The practical takeaway for companies and employees is probably this: focus less on the headline layoffs and more on adaptability, skill alignment, and where actual hiring demand still exists.

Source: Washington Post article on the current labor market and AI-related layoffs.
https://finance.yahoo.com/economy/articles/what-layoffs-hide-about-the-real-problem-with-the-job-market-105409943.html

I keep waiting for the other economic shoe to drop...

Important points in summary. Link to full article at end.
"Strategic petroleum reserves have been released, commercial inventories have been drawn down."
In plain terms, the world has been living off its emergency stockpiles." "And even after the Strait reopens, he cautioned against expecting an immediate return to normal.
Ships need to be repositioned, and a backlog of cargoes needs to be worked through the system.
Transit times add days or weeks to the time before the product actually reaches consumers.
'We're thinking there's going to be a 1- to 2-month time lag between the Strait opening up and the market seeing normal flow,' Woods said."
** "Beyond that, governments and buyers that have drawn down reserves will need to restock."

https://sg.finance.yahoo.com/news/exxon-ceo-delivers-blunt-message-171700095.html?guccounter=1&guce_referrer=YW5kcm9pZC1hcHA6Ly9jb20uZ29vZ2xlLmFuZHJvaWQuZ29vZ2xlcXVpY2tzZWFyY2hib3gv&guce_referrer_sig=AQAAAJW9Mbl8zOro2hAcbaqvhG_qkfO-dIcOcukIRrgwuT2n_RZNCb9aoEzLm0WATYTmh9YdbRFySH7bCriqyBkUdXU02e6M73w0FZNocWTtupHG6wP_AMzfOuROG7LYRnloKBGsMNhzXepJg2mJWNdcAR0yr21csNMyv6k_yeiB6hq_

The New York Fed reports AI is not the main cause of the current hiring slowdown. Elevated interest rates and past overhiring play a major role. The Fed's analysis shows broad labor weakness, not automation, explains the trend. Most firms adopting AI are retraining workers, not initiating layoffs. Startups should focus on capital costs and macroeconomic pressures over AI fears.

https://startupfortune.com/new-york-fed-data-says-ai-is-not-driving-the-hiring-slowdown/

Several U.S. states are experiencing increased unemployment. This trend occurs despite national economic resilience. Layoffs, slower hiring, and economic uncertainty contribute to the issue. Technology, manufacturing, and tourism sectors are particularly affected. California, New York, and Florida are among the impacted states.

https://www.mibolsillo.co/unemployment-is-rising-in-these-10-states--is-the-u.s.-job-market-starting-to-slow-down-t202605160034.html

Byron Allen recently discussed layoffs within his media division. He described these workforce reductions as "thoughtful" and "humane." Allen attributed the changes to shifts in the broader media business. He stated the economy improved, offering new jobs for those let go. Allen Media Group also sold several local TV stations last year.

https://thedesk.net/2026/05/byron-allen-comments-about-layoffs/

London, Ontario, now has Canada's highest unemployment rate. The region lost approximately 1,800 jobs in April. Nationally, Canada unexpectedly lost 17,700 jobs last month. Full-time positions decreased by over 46,000 nationwide. Economists view London's crisis as a warning for Canada's industrial economy.

https://easternherald.com/2026/05/10/canada-jobs-crisis-ontario-unemployment-surges/

Canada's economy lost 18,000 jobs in April. The national unemployment rate rose to 6.9 percent. This marks a six-month high for joblessness. Full-time employment saw a net decline of 46,700 positions. The labor market continues to show signs of weakness.

https://www.cbc.ca/news/business/canada-jobs-april-2026-9.7192292

NIKE IS DONE!!!
WE 3 BAD CEOS MP JD EH
AND WITH BAD ECONOMY, I THINK THAT MOST CONSUMERS ARE CHANGIN THEIR TASTE.
MOST YOUNG PEOPLE ARE BROKE AND THERE IS NO YOUNG CUSTOMER BEING CONVERTED TO NIKE CREEDO.

DEAD AND BURIED!!!