The U.S. Department of Labor marked a low-layoffs milestone, according to an October 8, 2026 Axios report. Low layoffs mean fewer employers are cutting existing staff. They do not, by themselves, prove hiring is strong or that unemployment is falling. The distinction is the whole story.
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Artificial intelligence is poised to trigger the largest workforce transformation in US history. A recent report from McKinsey & Co. indicates that approximately 11 million American workers, representing about approximately 6.5% to 7% of the current workforce, could be compelled to transition into new occupations by 2035. This projected shift signifies a potential tripling of the historical annual rate at which US workers change careers, underscoring the profound impact AI is expected to have on employment landscapes.
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