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Jobs crashed the most since Covid, losing 92,000 on the month.
And that was before the war.
Some of it’s federal layoffs or counting deportations as lost jobs. But a big hunk is AI starting to feast on entry-level jobs pic.twitter.com/rmfSIhcqdM
— Peter St Onge, Ph.D. (@profstonge) March 10, 2026
And that was before the war. Some of it’s federal layoffs or counting deportations as lost jobs. But a big hunk is AI starting to feast on entry-level jobs
- And it gets worse under the surface. December was revised to -17K. That is three negative prints in five months. Federal government alone down 330K since Oct 2024 peak. Yet wages still running +3.8% y/y. The Fed is stuck between a labor market cracking and inflation that has not even priced in $90 oil yet. CR




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