NY Fed
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AI Layoffs: Real Cause or Convenient Excuse? What the Data on Pandemic-Era Overstaffing Actually Shows
AI was cited in 40 percent of US layoff announcements in May 2026. The Federal Reserve says only 1 percent of services firms actually laid off because of AI. Continue reading
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The Strong Jobs Report Hides a Quieter Story: AI Is Erasing 16,000 US Jobs Every Month
The US added 172,000 jobs in May 2026, more than double the consensus forecast. Continue reading
AI augmentation, AI displacement, AI jobs, AI substitution, BLS, Center for American Progress, Elsie Peng, entry level jobs, Federal Reserve, Gen Z, Goldman Sachs, Joseph Briggs, labor market, May 2026 jobs report, NY Fed, occupational downgrading, Tech layoffs, unemployment, wage scarring, Yale Budget Lab