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

Economic Overview - The U.S. economy created nearly one million fewer jobs over the past year than previously thought, with a total employment revision of 991,000 jobs, representing a 0.6% downward adjustment [1][2] - Job growth in 2024 averages just 106,000 per month, down from the originally reported 168,000, while the pace for 2025 has slowed to only 44,000 jobs per month [3][4] Impact of AI on Employment - The information industry, which includes internet companies, software publishing, and broadcasting, saw a downward revision of 67,000 jobs, or 2.3%, with a total decline of 88,000 jobs, or 3%, between March 2024 and March 2025 [5] - A study by Stanford University economists indicated a 13% decline in entry-level tech roles exposed to automation by AI since 2022, highlighting the significant impact of AI on the job market [5] Sector-Specific Job Losses - The leisure and hospitality sector experienced a decline of 176,000 jobs, or 1.1% [6] - The wholesale trade sector saw a reduction of 110,000 jobs, or 1.8% [6] - Professional and business services, including temp agencies, faced a decrease of 158,000 jobs, or 0.7% [6]