The US Information sector has lost 342,000 jobs since November 2022 — even as total US nonfarm employment hit an all-time record in April 2026
Cross-referencing BLS payroll data, Layoffs.fyi's 645,000+ tracked tech layoffs since 2022, Challenger Gray's monthly job-cut reports, Anthropic's Economic Index of AI task exposure, and Indeed's software-developer postings index — one story comes out the other side: tech is in its own recession that the rest of the US economy doesn't share, and AI is increasingly cited as the cause.
Tech workers now quit at one-third the rate of restaurant workers — the Information-sector quit rate has crashed to 1.1%, second-lowest of any industry
Fresh BLS data shows quitting has collapsed across 10 of 11 US industry super-sectors since the 2022 peak. Government workers quit least of all (0.7%). Hospitality is still hot at 3.9%. Only one sector — 'Other services' — has more workers quitting than at the height of the Great Resignation.
Workers in California, New York and Massachusetts have stopped quitting — 'job hugging' has driven quit rates 36-42% below their 2022 peak
Fresh BLS data shows the national quit rate has collapsed to 2.0% — the lowest sustained level since 2014. In the country's wealthiest states, it's lower still. Only one state, South Dakota, has more workers quitting than at the height of the Great Resignation.
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