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Sept 4 2026

August payrolls beat forecasts threefold while the information sector cuts jobs at a record pace, the clearest hard data point yet on AI substitution

ADOPTMONEY
Original reporting

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Nonfarm added 162,000 against a forecast of 53,000; the information supersector (software and media) shed 23,000 jobs, nearly triple its 12-month average and the fastest pace of cuts on record for the category.

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