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The Latest Breaking News from BLS

Million Missing Jobs Clearly Shows AI Is 'Automating Away Tech Jobs,' Amid 'Stagflation' Worries, Warn Economists

A preliminary revision from the Bureau of Labor Statistics (BLS) has erased 911,000 previously reported U.S. jobs, sending shockwaves through economic circles and cementing expectations for a Federal Reserve interest rate cut next week.

Benzinga

Jamie Dimon isn’t convinced by the market’s theory that huge job revisions aren’t a recession indicator

“Hopefully things will be okay, but you do see that kind of weakening,” he said.

Fortune

Inflation ate away any financial gains in most households, census finds

Richest households still saw their income rise, data from the Census Bureau shows

The Independent UK

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The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and it shows 'AI is automating away tech jobs,' economist says

"The revision shows the economy entered 2025 with less momentum than previously understood,” said Bill Adams, Chief Economist at Comerica Bank.

Fortune

Job market cracks are bigger than they originally looked

BLS revisions confirm the hiring slowdown has been underway for some time.

Axios

Trump's fury at Jerome Powell for being 'too late' to cut rates just got extra juice from another shocking jobs number

The U.S. economy created 911,000 fewer jobs than initially thought from March 2024 to March 2025, the Bureau of Labor Statistics revealed.

Fortune

US created 911,000 fewer jobs through March 2025 than initially reported

Revision highlights recent concerns about the health of the labor market, and follows a lackluster August jobs report

The Guardian - US

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Ken Griffin lays down the law on why Trump needs to back off the Fed, saying his meddling could prompt a national debt crisis

Ken Griffin warns Trump’s pressure on Jerome Powell and the Federal Reserve risks eroding U.S. institutional credibility.

Fortune

Economist Asks Fed To Take Its 'Head Out Of The Sand' On Rates Amid Weak Jobs Report — But Cuts 'Will Harm the Labor Market,' Says Peter Schiff

Prominent economists are sharing their opinions on last week’s weaker-than-expected jobs report, seeing it as a clear sign of a slowdown in America’s labor market.

Benzinga

5 Things You Still May Not Be Able To Afford, Even With the 2026 Social Security COLA

Combined with already existing inflation, could make more purchases unaffordable for seniors, such as in the following areas

GOBankingRates

The most troubling feature of the job market is how thinly spread gains are, top economist says — 'this only happens when the economy is in recession'

"Since the beginning of the year, the economy has created a paltry 600k jobs, but without the job growth in these industries, there would be zero job growth."

Fortune

Dismal August Jobs Report Offers Rate-Cut Relief: What the Experts Are Saying

The August jobs report came in much lower than expected, lifting the odds that several rate cuts will come through by year's end.

Kiplinger

Trump’s nominee to lead BLS accused of trolling top Democrats with offensive Twitter account

EJ Antoni, a Heritage Foundation economist, allegedly used social media platform to dish out abuse and entertain conspiracy theories

The Independent UK

America’s job growth has flatlined—and Mark Zandi believes June may have been the start of a recession

June’s job loss was the first since the pandemic, a flashing-red signal that the economy’s growth momentum has stopped.

Fortune

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Fortune

The labor market is balancing on a knife edge, and the factors weakening it aren’t going anywhere

The Federal Reserve faces rising labor market weakness as BLS revisions, JOLTS downturn, and AI job displacement fuel calls for FOMC rate cuts—but what underlying factors are shaping the data, and are they here to stay?

The Guardian - US

US added just 22,000 jobs in August, continuing slowdown amid Trump tariffs

Latest report also contained more bad news – the US lost 13,000 jobs in June, according to latest survey

The Independent UK

US employers likely added a modest 80,000 jobs last month, a sign that the labor market has cooled

When the Labor Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her

Fortune

ADP says job growth was ‘whipsawed’ in August, with rare warning on AI and consumer jitters

It’s an ominous sign ahead of Friday’s release of jobs data from the Bureau of Labor Statistics.

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The Guardian - US

Why Trump’s firing of the US jobs chief has economists worried

Economists warn credibility of Bureau of Labor Statistics at risk after Trump ousts commissioner over job numbers

Saving Advice

Social Security COLA at Risk? How Tariffs and Turmoil Could Cut Increases

The countdown to next year’s Social Security Cost of Living Adjustment (COLA) has already begun, but this time the process is clouded with uncertainty. Recent...

The Independent UK

Trump aides scramble to defend tariffs after bombshell court ruling – and as crucial jobs report looms

Trump claims the tariffs generate revenue even as the economy has shown signs that they will increase prices for consumers

GOBankingRates

How Much the Average Middle-Class Retiree Spends Monthly at Age 65

Find out exactly how much the average middle-class 65 year old spends monthly.

The Conversation

In a post-truth world, what happens if we can’t trust US economic data any more?

We may already live in the post-truth world, but are we about to enter the era of post-truth statistics?

Fortune

Millions of Gen Zers are jobless—and unemployment is mainly affecting men

Young men ages 20 to 24 have faced higher unemployment rates since the thick of the COVID-19 pandemic as Gen Z women funnel into AI-proof jobs like health care.

GOBankingRates

How Much the Average Middle-Class Retiree Spends Monthly at Age 80

Retirees tend to spend less money the older that they get, on average. Here's a look at how much the average middle-class retiree spends monthly at age 80.

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