The latest numbers raise the possibility that the industry’s job market is contracting as AI is increasingly adopted. The jobs report released Friday counted job losses totaling 23,000 in July, compared to an average monthly gain of 34,000 in the last year. The financial sector was not the only industry to experience job losses. Local government education lost 50,000 jobs and retail trade leaked 19,000 jobs, while health care continued adding jobs. This story has been updated with additional expert analysis about the latest jobs report.