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U.S. applications for jobless benefits fall as labor market continues to thrive


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A sign seeking job applicants is displayed at a restaurant in Wheeling, Ill., Thursday, May 16, 2024. On Thursday, May 23, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week.(AP Photo/Nam Y. Huh)

Photo is telling. These jobs resisting expensive automation have jobs , jobs, jobs!

Though layoffs remain at low levels, companies have been announcing more job cuts recently, mostly across technology and media. Google parent company Alphabet, Apple and eBay have all recently announced layoffs.

Outside of tech and media, Walmart, Peloton, Stellantis, Nike and Tesla have recently announced job cuts.

While high paying specialized jobs are bleeding through LLM automation.

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