AI Eliminated Nearly 4,000 Jobs in May

29.8M

The number of immigrants in the U.S. labor force reached a new high of 29.8 million in 2022. This figure represents a significant increase in the immigrant workforce, highlighting their substantial contribution to the American economy. The rise in the immigrant labor force underlines the importance of their skills and participation in various sectors across the country.

4000

Around 4,000 individuals in the United States are affected by the integration of artificial intelligence (AI) technology. This indicates a significant impact of AI on the job market, leading to workforce reductions. The adoption of AI continues to reshape industries and necessitates a focus on upskilling and adapting to evolving technological demands.

6.1M

U.S. employers increased hiring in May, but there are concerns that the labor market is losing momentum. The Labor Department states that the number of unemployed individuals rose by 440,000 to 6.1 million in May, while the labor force participation rate remained unchanged at 62.6%. Long-term unemployment stood at 1.2 million, accounting for 19.8% of the total unemployed.

 200 

Spotify recently announced layoffs impacting around 200 employees, which represents approximately 2% of its workforce. This decision reflects the company's effort to streamline operations and potentially optimize its resources. The move may be aimed at maintaining efficiency and adapting to market conditions.

60%

Around 60% of unionized U.S. rail workers now have access to enhanced sick leave benefits, as per a U.S. News report. This implementation signifies a positive advancement towards better workplace protections and support for rail workers in terms of their health and well-being.