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New York City, USA – Like clockwork each May, soon-to-be college graduates drift into New York City’s Washington Square Park in caps and gowns, typically in purple, the school colour of nearby New York University. A sea of mostly 20-somethings gather for photographs that mark the moment when the predictability of collegiate life comes to a close and new graduates face the uncertainty of what’s next.Julie Patel, who just finished a master’s degree in public health, was one of those graduates. But a tight job market has dampened the joy of the graduation ceremony.Recommended Stories list of 4 itemsend of list“I think expectations of when I came into this programme and coming out of it in terms of a job search, funding and what’s available are two very different things,” Patel told Al Jazeera.Like millions of her peers around the country, she is headed into a precarious job market amid a surge in economic uncertainty driven by a range of...

By Adam Starr, Chief Information Officer and Senior Advisor to the Director Okay, we're not quite there yet, but we are helping move the federal government a whole lot closer. Every federal agency is now capable of adopting AI in the hiring process. We owe job applicants and taxpayers a faster, better hiring process, and AI is an obvious step. But incentives are too often misaligned: the HR employee who innovates carries the risk of accusations of misuse of AI, while the benefits of a faster process accrue elsewhere in the agency. Absent clear policy, many people freeze. And freezing isn't free — it costs the applicant who waits on an offer or takes another job, the hiring manager staring at an empty seat with their mission at risk, and the taxpayer funding a broken process. It currently takes on average a whopping 87 days to hire in the federal government. Clearly, the current process is not working. To accelerate AI use, OPM...

After the federal government lost thousands of workers last year, the Office of Personnel Management released guidelines to help agencies safely use artificial intelligence that would speed up lengthy hiring procedures.“We owe job applicants and taxpayers a faster, better hiring process, and AI is an obvious step,” wrote Adam Starr, OPM’s chief information officer, in a blog post. “It currently takes on average a whopping 87 days to hire in the federal government. Clearly, the current process is not working.”Agencies should review AI involved in hiring processes and determine whether they are “high-impact” or “presumed high-impact,” according to a memo released on Thursday. High-impact use cases are ones where AI “output serves as a principal basis for decisions or actions with legal, material, binding, or significant effect on” civil rights, privacy, access to critical government programs, critical infrastructure, public safety and more, according to the document sent to agency heads.For high-impact cases, agencies must either implement “minimum risk management practices”...

Against all odds, the U.S. job market is in a good place. Employers added 172,000 jobs in May, blowing past analyst forecasts and sustaining the healthy pace of payroll gains from the two prior months. Average monthly job growth from March through May has tripled from roughly 63,000 a year ago to nearly 190,000 this spring.The economy has faced one headwind after another over the past year: the highest tariffs in more than 70 years; the Iran war; a recurrence of the inflationary pressures that slammed Americans during the pandemic; persistent public pessimism, or "vibecession," as millions struggle with the cost of living; and immigration restrictions.Despite these challenges, the labor market is showing surprising strength after weakening toward the end of 2025 and into early 2026.  Several forces account for the recent burst in job growth, according to economists. Strong corporate profits are "a huge part of the equation," eToro U.S. investment analyst  Bret Kenwell told CBS News. "That's what gives them the...

The United States has unexpectedly shed thousands of jobs, according to government data, despite President Donald Trump's claims he had led an economic revival in the country.The world's largest economy lost 23,000 jobs in July, data published by the US Bureau of Labor Statistics (BLS) showed, signalling a potential weak labour market after months of steady growth.The unemployment rate has remained relatively steady though at 4.1 per cent, likely a result of falling labour supply as the US economy grapples with an aging population and lower net migration.Since taking office for his second term, Mr Trump has unleashed a spate of policies aimed at reviving domestic manufacturing and curbing surging inflation.The United States has unexpectedly lost thousands of jobs, despite President Donald Trump claiming he had led an economic revival in the country. (Reuters: Evelyn Hockstein)But based on the new figures, job growth hit a peak in March before declining in the next three months and entering negative territory in...

(Alliance News) - Stocks ended a winning week on the front foot on Friday, while the pound pushed higher against the dollar after weak US jobs figures.The FTSE 100 index closed up 33.20 points, 0.3%, at 10,901.09. The FTSE 250 ended up 159.44 points, 0.7%, at 24,854.86, another record close, while the AIM All-Share closed up 8.76 points, 1.1%, at 795.89.For the week, the FTSE 100 was up 0.3%, the FTSE 250 was up 3.7%, and the AIM All-Share was up 4.0%.The Cboe UK 100 was up 0.4% at 1,084.11, the Cboe UK 250 was 0.7% higher at 21,681.70, and the Cboe Small Companies ended up 1.0% at 19,010.52.The advance in the pound came as the US labour market unexpectedly shed 23,000 jobs in July, missing the FXStreet-cited consensus for an increase of 80,000.The Bureau of Labor Statistics also sharply revised lower previous months' data, cutting June payroll growth to 20,000 from 57,000 and May's reading to 63,000 from 129,000....

New research by Goldman Sachs economists finds that AI is already a measurable drag on the U.S. job market—erasing roughly 16,000 net jobs per month over the past year, with the pain falling hardest on Gen Z and entry-level workers. Goldman's breakdown shows AI substitution wiped out roughly 25,000 jobs per month in the past year, while augmentation added back about 9,000. The findings, contained in a Goldman Sachs U.S. Daily note authored by economist Elsie Peng, represent one of the most granular attempts yet to separate AI's two competing effects on employment: substitution, when AI replaces human workers outright, and augmentation, when AI makes existing workers more productive and may even expand hiring. Goldman's economists combined standard AI exposure scores with a complementarity...

Job seekers speak with employer representatives and browse information tables as they attend an Inspire Together job and resource fair in Los Angeles, California on July 29, 2026. Patrick T. Fallon | Afp | Getty ImagesNonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals on how to process the latest jobs report.Here are three key takeaways:Misleading numbers: The payroll decline of 23,000 wasn't quite as bad as it looked and the drop in the unemployment rate to 4.1% wasn't nearly as good as it looked. The main reason for the red headline number was a loss of 53,000 government workers, a development economists say was largely owing to seasonal factors that could get revised away. Private payrolls actually rose by 30,000. At the same time, the unemployment rate fell due to yet another decline in workers employed or actively looking for a job. The vanishing labor force: On that...