Tech jobs shrinking because of AI but chip factories are creating new manufacturing roles
In August, American employers surprised many by adding 162,000 jobs, a figure well above market predictions. However, the technology sector experienced a downturn, losing 23,000 jobs as advancements in artificial intelligence reshaped the industry. Meanwhile, industrial manufacturing saw an upswing, regenerating 16,000 positions following prior losses. The unemployment rate held firm at 4.
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