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US shed 92,000 jobs, unemployment ticked up to 4.4% in February

BLSThe U.S. economy shed 92,000 jobs in February, the  estimated March 6, falling far short of forecasters' expectations, and signaling the labor market is still in low-hire mode as employers navigate tariff-related inflation pressures, AI adoption, and geopolitical uncertainty.

The February estimate comes in much lower than the BLS’ now-revised gain of 126,000 jobs added in January, which was much higher than the agency’s revised figures for 2025, when U.S. employers added only 181,000 jobs throughout the entire year, or about 15,000 a month.

“The weak jobs report challenges the recent stabilization narrative and puts the Fed in a difficult position, especially as the spike in oil prices adds near‑term inflation pressure,” Angelo Kourkafas, Senior Global Strategist at Edward Jones, said in a note to USA TODAY, adding that economists should avoid over-extrapolating the trend given weather and labor disruptions' potential impact on hiring in February.

He added, “however, with global geopolitical uncertainty elevated, it is reasonable to expect that job growth may remain subdued in the months ahead.”

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Judge orders Trump administration to close out goods without charging emergency tariffs

US Court of International TradeThe federal trade court judge overseeing the refund process for President Trump’s tariffs ordered the administration Wednesday to   paperwork for imported goods without charging companies for the invalidated levies.

The order from Richard Eaton, a senior judge on the U.S. Court of International Trade, is set to impact millions of tariff entries submitted to the government that were declared illegal by the Supreme Court’s blockbuster decision.

Companies won’t immediately receive money, but the order marks a milestone that moves the laborious process along.

More than 1,000 companies have sued for refunds, hoping the government will now return tens of billions of dollars following the much-anticipated decision. Eaton’s ruling came in the lawsuit filed by Atmus Filtration, but he said the trade court’s chief judge has put him in charge of all cases pertaining to refunds.

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NY governor calls for $13.5B in tariff refunds

Kathy HochulGov. Kathy Hochul (D) is calling on the Trump administration to refund approximately $13.5 billion to New York residents after the Supreme Court ruled last week that the bulk of President Trump’s tariffs are unconstitutional. 

“These senseless and illegal tariffs were just a tax on New York consumers, small businesses and farmers — and that’s why I’m demanding a full refund,” Hochul, who is up for reelection this year, said in a statement Tuesday.

“I’ll never stop fighting for New Yorkers, and that means staying focused on putting more money back in your pockets — not ripping it away,” she added.

Her office cited Yale Budget Lab estimates that the average New York household shouldered an additional $1,751 in added costs as a result of the tariffs, totaling $13.5 billion for the state. 

The Supreme Court, in a 6-3 decision Friday, delivered a blistering ruling against the Trump administration, rejecting the president’s expanded use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on nearly every country.

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Trump donor who criticized offshoring to close Ohio plant and move work to China

John PaulsonJohn Paulson, a hedge fund billionaire and one of Donald Trump’s earliest Wall Street backers, is planning to offshore an Ohio manufacturing plant to China despite heavy pushback from employees.

Workers at the plant call the move “a slap in our face”, after Paulson vocally defended domestic manufacturing, and are fighting to keep the plant open.

Conn Selmer, the largest US manufacturer of brass and orchestra instruments, told the union it planned to offshore most work at its Eastlake, Ohio, plant to China by the end of June 2026, eliminating 150 jobs.

United Auto Workers (UAW) Local 2359, which represents the 150 employees, said workers were informed of the closing when it first sat down to bargain over their new union contract last month.

“We came in with a full proposal, fully prepared to bargain, and they started off with a presentation of telling us how bad we were doing,” said Robert Hines, president of UAW Local 2359 and an employee at the plant. The company told them there would be no bargaining and the plant would be closing.

Workers say offshoring is an attack on the union, citing rhetoric that the plant has not been productive despite previous praise from company management.

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US companies accused of ‘AI washing’ in citing artificial intelligence for job losses

Amazon headquartersOver the last year, US corporate leaders have often explained layoffs by saying the positions were no longer needed because artificial intelligence had made their companies more efficient, replacing humans with computers.

But some economists and technology analysts have expressed skepticism about such justifications and instead think that such workforce cuts are driven by factors like the impact of tariffs, overhiring during the Covid-19 pandemic and perhaps simple maximising of profits.

While AI is having an impact on the workplace, experts suggest tariffs, overhiring during the pandemic and simply maximising profits may be bigger factors

In short, the CEOs are allegedly engaged in “AI-washing”.

“You can say, ‘We are integrating the newest technology into our business processes, so we are very much a technological frontrunner, and we have to let go of these people,’” said Fabian Stephany, a departmental research lecturer at the Oxford Internet Institute.

In 2025, AI was cited as a reason for more than 54,000 layoffs, according to a December report from the consulting firm Challenger, Gray & Christmas.

In January, Amazon alone laid off 16,000 workers after making 14,000 reductions in October.

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The US is headed for mass unemployment, and no one is prepared

AI emplymentFor years, I opposed Universal Basic Income, firmly and reflexively. I treated it as a liberal fantasy — an invitation to idleness, a subsidy for stagnation, a sedative administered by a bloated state. Work, I believed, wasn’t merely how societies functioned but how men and women found meaning. Pay people for nothing, and you dissolve discipline. That was the story. I told it often.

That position no longer survives contact with reality.

Something fundamental has shifted, and pretending otherwise is nothing short of denial. The AI revolution is here, and it’s gutting entire sectors with hurricane force. This isn’t an industrial transition, nor a replay of mechanization or globalization. It is a technological rupture of a different magnitude. Machines replacing not only muscle but cognition itself: judgment, pattern recognition, reasoning. And it’s advancing at a pace that outstrips legislation, labor markets, and political capacity, moving faster than most in government are willing to admit.

The most sobering warning comes from Geoffrey Hinton, one of the architects of modern AI. Hinton hasn’t joined the hype merchants. Instead, he has joined the alarmists. His claim is troubling: AI capability is effectively doubling every seven months. Not every decade. Not every few years. Every seven months.

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UPS says it would cut up to 30,000 jobs this year as it aims to boost turnaround

UPS layoffsUnited Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions as the delivery giant looks to accelerate a turnaround fueled by a pivot to higher-margin shipments.

The company also beat Wall Street estimates for quarterly results in the all-important holiday period and forecast a surprise rise in annual revenue.

UPS in January last year said it would accelerate a plan to slash millions of low-profit deliveries for Amazon, its largest customer and a growing delivery rival, calling the business “extraordinarily dilutive” to margins.

The workforce reduction will “be accomplished through attrition and we expect to offer a second voluntary separation program for full-time drivers”, chief financial officer Brian Dykes said on a post-earnings call.

The company’s shares were down 1% in premarket trading.

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