June’s drop in the unemployment rate was because of an exodus of workers from the labor force.
The labor force participation rate, which measures the working-age population of those either employed or looking for a job, fell to 61.5%, the lowest since March 2021, according to the Bureau of Labor Statistics.
Excluding the Covid-era jobs market, it was the lowest participation rate since June 1976.
The labor force plummeted by 720,000 in June.
I can speak for STEM, and AI has erased any possibility of landing a job. Specifically, every part of the job hunt has been tainted by AI:
AI job recruiters and AI-generated job postings use AI to search resumes and applications for key words, but even if you use said key words, your resume may not be picked up unless you use an AI resume builder to generate a resume that the AI job recruiter and application can analyze, then and only then, you just might have a chance at an interview…with an AI interviewer.
I genuinely wish the worst possible deaths on AI corpo shillionaires.