General Discussion

UpInArms

(53,678 posts)

6. What data? BLS is shuttered

Fri Oct 31, 2025, 08:02 AM

Oct 31

https://www.usatoday.com/story/money/2025/10/28/amazon-layoffs-corporate-employees/86941789007/

According to the memo, the layoffs impact 14,000 corporate employees.

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She also cited the prevalence of artificial intelligence, saying it is "enabling companies to innovate much faster than ever before."
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Jassy said at the time that the company expected to reduce its corporate workforce "as we get efficiency gains from using AI extensively across the company."
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The latest job cuts come days after The New York Times reported on Oct. 21 that Amazon is apparently pushing to add robotic automation to its workforce, which could prevent up to 600,000 new hires.

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The Reason The Stock Market Is Booming [View all] gab13by13 Oct 31 OP

Except the data doesn't show that. Bernardo de La Paz Oct 31 #1

I got my information from one of my handful of news sources, gab13by13 Oct 31 #5

AI is the reason for the booming market. It's a bubble. Not the same kind of bubble as 2000 Bernardo de La Paz Oct 31 #9

Yup. Joinfortmill Oct 31 #17

The boom is clearly AI. From yesterday: https://www.democraticunderground.com/100220761906 flashman13 Oct 31 #32

Links in Reply titles do not work. The thing to do is to put them in the Reply text. . . . . nt Bernardo de La Paz Oct 31 #45

What data? BLS is shuttered UpInArms Oct 31 #6

ADP Has Been Publishing Job Reports For Many Years ProfessorGAC Oct 31 #42

Amazon is firing a bunch of people. Happy Hoosier Oct 31 #23

...and AI is taking their places and Wall Street loves that. gab13by13 Oct 31 #28

Maybe Rebl2 Oct 31 #38

Wall Street will love that, too. thought crime Oct 31 #57

Probably so or not Rebl2 Oct 31 #59

'The biggest cost of doing business: A closer look at labor costs' sop Oct 31 #2

And consumer spending is about 70 percent of US GDP BeyondGeography Oct 31 #3

Yes, and some economists are predicting gab13by13 Oct 31 #15

Other side of that coin: Employed labor are consumers. AI bots consume nothing, except maybe too much energy. n/t thesquanderer Oct 31 #21

Bingo! FakeNoose Oct 31 #26

They mistakenly believe in supply side economics gab13by13 Oct 31 #31

In Oligarch Utopia us workers (the great unwashed) won't be needed after we're all replaced with AI and automation. sop Oct 31 #34

Wait, I thought the robots were going to send us their paychecks... thought crime Oct 31 #58

"I'm sorry, Dave. I'm afraid I can't do that." UpInArms Oct 31 #4

Whoa! I love that. Good one. chouchou Oct 31 #24

The stock market was setting records before the 2000 dot com crash and doc03 Oct 31 #7

Exactly, people are investing in the market and/or gold questionseverything Oct 31 #41

(posted to wrong reply) Bernardo de La Paz Oct 31 #8

Scroll to the 34:54 mark gab13by13 Oct 31 #12

I reposted my post to another of your posts. . . . nt Bernardo de La Paz Oct 31 #14

Robots don't eat. If you starve workers, there's no one there louis-t Oct 31 #40

It's the only thing propping him up 617Blue Oct 31 #10

80% edhopper Oct 31 #11

Yes but Wall Street believes that AI is the future of the economy. gab13by13 Oct 31 #13

Other that massive amount of electricity, What goods and services will AI be purchasing and consuming? mackdaddy Oct 31 #18

Pox Noise will lead "the masses" to believe it's all the Democrats' fault. Wednesdays Oct 31 #27

The internet was the future also edhopper Oct 31 #44

Where the big money is.... Joinfortmill Oct 31 #16

The stock market has been decoupled from the economy at large... Wounded Bear Oct 31 #19

"just a casino" is reflex cynicism which is countered by overwhelming facts. Bernardo de La Paz Oct 31 #46

thank you Celerity Oct 31 #53

Fire the CEOs NameAlreadyTaken Oct 31 #20

Amazon in Wa state is laying off over 2000 Prairie_Seagull Oct 31 #22

Corporate earnings are strong iemanja Oct 31 #25

The current trajectory of AI is not sustainable. ToxMarz Oct 31 #29

They're all looking for that pot of gold hiding under the rainbow FakeNoose Oct 31 #35

Yup, and in the mean time the people behind each venture are living high on the investors money ToxMarz Oct 31 #39

We are overbuilding AI infrastructure bucolic_frolic Oct 31 #30

Don't Forget 401Ks wcollar Oct 31 #33

Nothing to worry about here... 3825-87867 Oct 31 #36

Do they not realize laying off people will result in less consumers paying their goods and services and it kimbutgar Oct 31 #37

It's not just AI that's up. Here are all the sectors of S&P 500. AI is through the roof, but other areas are also up. Melon Oct 31 #43

You give figures for increases, but no basis, so they are completely meaningless Bernardo de La Paz Oct 31 #47

That's 2025...the 11 sectors that are in the S&P 500 Melon Oct 31 #48

Thanks. I missed the YTD in your post. Bernardo de La Paz Oct 31 #49

AI for investment analysis. legallyblondeNYC Oct 31 #55

AI also creates competition. gulliver Oct 31 #50

It'll be the biggest bubble to burst ever al bupp Oct 31 #51

I wish I could comment... but legally I cannot lapfog_1 Oct 31 #52

Apples and oranges. legallyblondeNYC Oct 31 #54

There may not be as much as trump sez, but there is foreign investment driving prices higher. Turbineguy Oct 31 #56