US adds 162,000 jobs in August as AI cuts tech roles but manufacturing rebounds

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American employers added 162,000 jobs in August, surpassing market expectations. The technology sector, however, shed 23,000 positions as artificial intelligence continues to reshape the industry's workforce needs. Industrial manufacturing offered a partial counterbalance, recovering 16,000 jobs after previous losses. The overall unemployment rate remained steady at 4%, suggesting broader labor market stability. The data highlights a shifting jobs landscape where AI-driven automation displaces tech workers while chip and manufacturing facilities generate new roles.

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IndiaTimes of India ·

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