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What to Expect From the March Us Jobs Report and when Might the War Impact Hiring?
Economists say hiring is normalizing as 15,341 March layoff notices cited artificial intelligence, according to Challenger, Gray & Christmas.
- The March jobs report, arriving Friday, will likely show the economy added 60,000 jobs while holding unemployment at 4.4%, according to FactSet consensus estimates. This suggests normalization after February's surprising 92,000 loss and January's 126,000 gain.
- After a year of low-hire, low-fire conditions, analysts are watching whether March delivers a rebound from the strike that temporarily removed 31,000 workers from Starbucks and Kaiser Permanente payrolls.
- Planned layoffs reached 60,620 in March, with artificial intelligence cited as the reason for 15,341 cuts, according to Challenger, Gray & Christmas. Andy Challenger, chief revenue officer at the firm, said AI is "costing jobs."
- With diesel consistently topping $5 a gallon, rising energy prices in The Middle East are impacting the economy. Companies in transportation, manufacturing, and agriculture are cutting investments and workforces to manage increased shipping costs.
- Audrey Guo, assistant professor of economics at Santa Clara University's Leavey School of Business, warned that artificial intelligence could further influence workforce decisions if energy prices remain high. Economists have upgraded their 2026 unemployment estimate to 4.7%.
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By Alicia Wallace, CNN. The March jobs report, due out Friday morning, could provide a much-needed dose of reality after two months of dramatic ups and downs in the U.S. labor market. But even if it does reach a baseline and sheds some light on the job market, the picture is now entirely different. The conflict in the Middle East, which appears set to drag on for a sixth week, and the resulting supply chain crisis caused by the blockade of the S…
·Idaho Falls, United States
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Total News Sources14
Leaning Left1Leaning Right1Center12Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
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