JOBS

The possibility of a rate hike is now above 50%, according to the CME Group's Fed Watch tool.

Nonfarm payrolls rose a seasonally adjusted 162,000 last month. The unemployment rate held steady at 4.1%.

The company will now shed 100,000 jobs.

Payrolls increased by 38,000 last month. Analysts estimated the figure would clock in at 47,000.

Meta workers said the company is evaluating increasingly sophisticated machines as it expands its global AI infrastructure.

A new report found a widening gap between China's massive investment in humanoid robotics and what the machines can actually accomplish in factories and other workplaces.

The initiative, code-named "Project OT," for Organization Transformation, envisioned turning Meta into an "AI native" company.

New research found that industries with greater exposure to AI automation have generally experienced weaker growth in job openings since the second half of 2022.

For the first time, a majority of U.S. adults under 30 say they are more concerned than excited about AI in daily life.

Resume Now analyzed data from the U.S. Department of Labor's Occupational Information Network, or O*NET, focusing on stamina, static strength, reaction time, spatial orientation, time sharing, and problem sensitivity.

Traders increased their bets that the Fed won't hike interest rates in September following a weak jobs report.

The U.S. economy unexpectedly shed 23,000 jobs last months, according to the Bureau of Labor Statistics.

If the projections are met, hiring would have improved from June, when employers added just 57,000 jobs, but would still point to a labor market that continues to cool from the rapid pace seen in previous years.

Private employers added just 44,000 jobs in July, marking the weakest monthly gain since January and reinforcing concerns that businesses are becoming more cautious about expanding their workforces.

Private companies added tens of thousands of jobs less than estimated in July, according to new data.

Record numbers of people have stopped looking for jobs and dropped out of the labor market entirely.

The rapid construction of data centers, semiconductor facilities, and AI factories is already reshaping labor demand, with companies competing for workers capable of building and maintaining these highly specialized facilities.

Volkswagen's Porsche is set to shed about 20% of its jobs over the next decade, the company announced.

Artificial intelligence is being embraced across a growing number of professions, but it is largely serving as a workplace assistant rather than replacing employees, according to a new study.

The roles include enforcement analysts specializing in radiological and nuclear harm, chemicals and explosives, cybercrime, financial scams, and other high-risk areas.

American workers are producing more output than in recent decades, but economists say artificial intelligence is not yet the primary driver of the surge.