Only IT / tech sector had job losses in April
“Hiring was broad-based in April,” ADP’s chief economist, Nela Richardson, said. “Only the information sector – telecommunications, media, and information technology – showed weakness, posting job losses and the smallest pace of pay gains since August 2021.” "The payrolls processing firm reported Wednesday that companies added 192,000 workers for the month, better than the Dow Jones consensus outlook for 183,000 though a slight step down from the upwardly revised 208,000 in March." https://www.cnbc.com/2024/05/01/adp-jobs-report-april-2024-192000-jobs-added.html
CNBC
But also tech sector in terms of people employed great greatly during Covid we saw same thing after Dotcom boom & Y2K so now we are starting to see some cutbacks. But it is still not as bad as 00 or even 08.
Remember when they were telling all those drivers to pickup coding because FSD is here? Well, guess we'd have to pick up trucking...
Coding isn't going anywhere. This AI coding shit has been around for at least two years now. How many SDEs have they replaced so far?
More concerned about offshoring than AI