US Economy Revised Down: Nearly a Million Fewer Jobs Reported, AI Impact on Tech Deepens
US Economy Revised Down: Nearly a Million Fewer Jobs Reported, AI Impact on Tech Deepens The U.S. economy created nearly one million fewer jobs than initially reported over the past year, according to a significant preliminary benchmark revision from the Bureau of Labor Statistics (BLS). This downward adjustment paints a much weaker picture of the nation’s hiring momentum, with economists increasingly pointing to artificial intelligence as a key factor in tech sector job losses. The BLS’s revision cut total employment…