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The US labor market picked up in March as employers showed signs of resilience amid the US-Israel war in Iran.After an extraordinary contraction in February, employers added 178,000 jobs last month, ahead of economists’ expectations of about 70,000.chart showing monthly change in US jobsThe unemployment rate fell to 4.3%, according to data from the US Bureau of Labor Statistics. In February, the economy lost 133,000 jobs, according to revised figures. Job figures for January were revised up, from 126,000 to 160,000. With revisions, total employment in January and February is 7,000 lower than previously reported. .Previous data painted a mixed picture of the US labor market, which economists say has been in a static “low-fire, low-hire” state, where both layoffs and new hires are down.Outplacement firm Challenger, Gray & Christmas found that employers announced 217,362 job cuts in the first quarter of 2026 – the lowest total for that period since 2022. But hiring in February slowed to a six-year...

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 index developed by IMF economists to build the new framework. Under the model, an occupation scores high on substitution risk when AI can handle most of its core tasks, like insurance claims clerks and bill collectors. It scores...

Sakshi Patel has known since she was little that she wanted to study in the U.S. She says she pictured herself landing a job in New York City, the financial capital of the world, and living out her version of the American dream far from home.Patel, who earned her master's degree in financial management from Boston University in May 2025, says she has about two months left on her current work authorization and is job hunting full force. If she doesn't get a job within that time, she'll have to move back to her native India.As difficult as it is for recent college graduates to gain their footing in one of the worst entry-level job markets in recent memory, international graduates are also having to navigate an unpredictable immigration environment in order to jump-start their U.S.-based careers and lives. Faced with additional and increasing difficulties, some international students are putting together backup plans. After graduating last year, Patel, 23, began...

Ryan McElroen had spent years repairing the New York City subway underground when he got the opportunity to work in the middle of the ocean.“I had no views other than the darkness at work,” he said. “Then I went polar opposite.”Two years ago, McElroen began being trained by his union, the International Brotherhood of Electrical Workers (IBEW) Local 3, for a job in the emerging offshore wind industry. Since then, he has completed six one-month-long rotations constructing New York’s first large-scale offshore wind projects: four on Sunrise Wind, roughly 30 miles (48km) east of Montauk Point, and two on Empire Wind in the New York Bight, 30 miles south of Long Island.Ryan McElroen, an offshore wind worker and union member, in Long Island City, Queens. Photograph: Thalia Juarez/The GuardianIt was a “welcome change”, McElroen said. Instead of seeing rats, he has watched seals and dolphins swim past his Sunrise work vessel. And on the Empire project, his shifts would often...

The US jobs market added 130,000 jobs in January, according to a highly anticipated labor market report released on Wednesday, a surge of job growth after months of fatigue in the labor market.The unemployment rate was 4.3% in January, a slight cooling since the fall. Economists predicted 70,000 in job gains and an unchanged unemployment rate for January.The gains are still 13,000 jobs less than the the 143,000 jobs added a year ago in January 2025, but more than double the 50,000 jobs that were added in December.Despite January’s boost to the labor market, the report also included revisions to the total number of new jobs in 2025. After revisions, total new jobs for the year was 181,000, down from an initially reported 584,000 jobs, marking the weakest year of job growth since the Covid-19 pandemic. In comparison, 2m jobs were added to the economy in 2024.a chart showing monthly changes in US jobs from October 2024 to January 2026The...

WASHINGTON (AP) — The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran. U.S. jobless aid applications for the week ending April 25 fell by 26,000 to 189,000, down from the previous week's 215,000, the Labor Department reported Thursday. That's well below the 214,000 new applications analysts surveyed by the data firm FactSet were expecting. READ MORE: U.S. economy grew 2% from January-March, but Iran war clouds outlook Filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. According to High Frequency Economics, this week's number for new jobless aid applications was the fewest since September of 1969. "There is nothing to worry about in this report. YET!," HFE's Chief Economist Carl Weinberg wrote in a note to clients. "At some point, elevated energy costs and prices for materials will...

Samsung Electronics has laid off hundreds of employees in its United States consumer electronics business as part of a headquarters relocation from New Jersey to Texas, amid mounting pressure on its…Samsung Electronics has laid off hundreds of employees in its United States consumer electronics business as part of a headquarters relocation from New Jersey to Texas, amid mounting pressure on its mobile and home appliance divisions. The South Korean technology giant said Samsung Electronics America (SEA) would relocate its headquarters to Texas, a move affecting 739 positions in Englewood Cliffs, New Jersey. The company said most affected employees had been offered relocation packages, while others were laid off. In Plano, Texas, about 100 employees, including workers in Samsung's mobile division, were also dismissed, according to a source familiar with the development. Samsung said the relocation could lead to workforce changes involving employees unable to relocate and the restructuring of certain functions to align with business priorities. Documents cited by Reuters indicated that affected employees were...

USAJobs (United States) is a Financial Services company that employs 4,037 people worldwide as of March 2026. It is the 8th-largest by headcount among its peers. Founded in 1996, the company is headquartered in Baytown, Texas.USAJobs's workforce has grown 1.3% from 2023 to 2026, up 0.5% year over year in 2026. Its workforce is concentrated most in South Asia (41.2%), followed by North America (21.1%) and Sub-Saharan Africa (20.4%).USAJobs's functional groups are Finance and Operations (40.4%), Engineering (33.6%), and Sales and Marketing (26.0%), with Engineering growing fastest (up 1.4%). The average salary is $27,948, ranging from a median of $76,000 in North America to $5,000 in South Asia, down 1.6% year over year in 2026.Sourced from Revelio Labs workforce data. Source link...