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00:03Payrolls in the financial activities and information sectors have declined by an average of 28,000 per month in 2026,
00:10as artificial intelligence leaves a growing imprint on U.S. employment data, according to Bloomberg.
00:16The weakness comes as the broader labor market created more than 113,000 jobs per month through May.
00:22Tech companies are increasingly citing AI as a reason for workforce cuts after heavy investment in the technology.
00:29Challenger Gray and Christmas found nearly 102,000 announced job cuts attributed to AI so far this year.
00:36The tech sector accounted for a third of all announced layoffs in 2026, while finance may be the next major
00:43sector affected.
00:45Economists said AI may first be affecting employment through slower hiring and attrition rather than broad-based layoffs.
00:52For all things money, visit Benzinga.com.
