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February Jobs Report: AI Drives 11,000 Job Losses

3/7/2026

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Story summary
  • Jim Cramer (CNBC) warned that the February 2026 jobs report was weak, with 11,000 information-sector jobs lost and nonfarm payrolls down 92,000; unemployment rose to 4.4%.
  • Cramer attributed the declines to growing adoption of artificial intelligence across industries.
  • The information sector had averaged a loss of 5,000 jobs over the past year.
  • He noted a drop in transportation and warehousing jobs, linked to increased use of robots.