Nineteen Percent Below Trend: A Blowout Jobs Report and the Entry Level AI Is Erasing - September 7, 2026

Nineteen Percent Below Trend: A Blowout Jobs Report and the Entry Level AI Is Erasing

August payrolls came in at 162,000 against a consensus of 53,000, unemployment held at 4.1 percent, and the AI-attributed share of announced layoffs fell to roughly six percent for the month. Underneath that headline, the information sector shed 23,000 jobs in a single month, nearly triple its own twelve-month run rate, and new Stanford payroll research finds employment for 22 to 25 year olds in the most AI...