CNBC’s Jim Cramer on Friday expressed concern about the surprisingly weak February jobs report. Cramer most noted that the information sector of the economy lost 11,000 jobs last month. According to the Bureau of Labor Statistics, jobs fell by an average of 5,000 jobs over the past 12 months. This broad employment group includes telecommunications, software publishing, and media, among others. Kramer said he saw an above-trend decline of 11,000 people and decided, “Okay, this must be AI. Enough is enough.” Enough is enough.” Kramer said he has heard many companies talk about the increasing adoption of artificial intelligence in areas such as call centers and jobs that may traditionally be performed by junior employees. “It’s a start,” Kramer said. “I just say OK. That’s it. People don’t want to hire, and they’re letting people leave. Nonfarm payrolls fell by 92,000 in February, and the unemployment rate rose to 4.4% in February, from 4.3% the previous month, according to the U.S. Bureau of Labor Statistics. Economists compiled by Dow Jones had expected jobs to rise by 50,000 that month. Certainly, sectors like health care lost in February. Some of the jobs lost are likely related to the now-resolved Kaiser strike, Permanente said. Other parts of the employment report also suggest technology adoption is on the rise, noting that transportation and warehousing jobs are down by 157,000 from their peak in February 2025. They’re starting to use robots, Kramer said. Please stop saying, “When is it going to happen?” This is happening,” Kramer said. “No one wants to admit it because it’s not cyclical. It’s secular,” he added, “this is an agent economy.”
