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The information sector lost 23,000 jobs in August, and its employment is now down by about 12% since peaking in 2022.
Why it matters: That's 370,000 lost jobs over four years across the movie and music industries, telecom and media, as well as data processing, web hosting and other information services.
The big picture: It's tempting to blame AI, and certainly the technology is starting to impact hiring and firing decisions, but it's more complicated.
