this post was submitted on 03 Aug 2025
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Honestly this is largely because of AI taking jobs.
Why has no major media publication linked this jobs report to CEOs lovingly saying how they have quit hiring HUMANS and will layoff more and more HUMANS for AI ?
Nope. AI is shit, but this is not AI driven. The auto industry alone is responsible for a lot of this. The flip-flopping on tariffs has basically paralyzed investment. For reference, the auto industry runs on 5-7 year cycles. So every 7 years, most equipment is replaced or rebuilt. This is an enormous amount of economic activity on top of simply running the equipment. That process has all but stopped since Trump took office, and it's explicitly due to the tariffs.
Because they amount to less than 10% of the total number (less than 80k).
You have many more than that in jobs lost due to DOGE, losses in retail due to tariffs, and other markets due to a lack of consumer spending (due to tariffs/inflation primarily).