Analysts Maya Prakash and Matthew Boesler say technology and finance have been the main drag on recent US labor demand, averaging a combined decline of 28,000 jobs per month so far this year. They add AI may be a factor — tech firms are increasingly citing AI as a reason for layoffs — and recent US nonfarm payroll gains would have been stronger without losses in these two sectors.

2026-07-02

Analysts Maya Prakash and Matthew Boesler say technology and finance have been the main drag on recent US labor demand, averaging a combined decline of 28,000 jobs per month so far this year. They add AI may be a factor — tech firms are increasingly citing AI as a reason for layoffs — and recent US nonfarm payroll gains would have been stronger without losses in these two sectors.