Good morning, CIOs. The unemployment rate in the information-technology job market fell to 4.6% in April from 5% the prior month.

The IT job market size is also decreasing. Roughly 5% to 6% of unemployed IT professionals left the IT sector last month, according to consulting firm Janco Associates, which bases its findings on data from the U.S. Labor Department.

“They’re what I call ‘midlevel professionals’ that have been let go, who don’t have artificial intelligence experience,” Janco Chief Executive Victor Janulaitis tells the Journal's Belle Lin.

Across all sectors, employment in technology fields fell by approximately 214,000 jobs, according to CompTIA’s analysis of Bureau of Labor Statistics data.

Meanwhile, AI-related job postings have surged. April saw a 184% increase in AI and AI-related positions compared with the same month a year prior, according to CompTIA’s analysis.

But AI's impact is twofold. While demand for AI talent is increasing, the integration of AI technologies into business processes can also slow hiring.

For example, e-commerce firm Shopify notificed employees last month that it would only boost headcount if AI was not yet capable of doing the job. Read the story.

• Looking for a Job in Tech Is More Confusing Than Ever
• The Hottest AI Job of 2023 Is Already Obsolete
• Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles

AI agents are learning how to collaborate. Companies need to work with them. While most companies figure out how to deploy even one AI-powered agent, developers are creating protocols to harness multiple agents that handle everything from customer service and coding to supply chain, logistics, finance, marketing and business strategy.

Organizations better step it up, suggests WSJ Columnist Steven Rosenbush. 

• Everyone’s Talking AI Agents. Barely Anyone Knows What They Are.
• Ford Looks to Innovate Faster With AI Agents and Nvidia GPUs
• OpenAI Wants Businesses to Build Their Own AI Agents
• AI Agents Are Everywhere…and Nowhere

Corporate America is leaving more jobs unfilled. During earnings calls over the past two weeks, companies big and small shied away from mentioning layoffs, but repeatedly said they would be more cautious before bringing in new workers.

"Reasoning" models from OpenAI, DeepSeek and other AI companies are generating more errors than previous models and it is not clear why. (New York Times)

Satellite imagery indicates that Huawei is rapidly building out a  production line for advanced chips in Guanlan, China. (FT)

SpaceX rocket builders vote to form company town. About 97% of 218 votes cast supported forming the town. Eligible voters had to live within the proposed boundaries of Starbase, Texas, where SpaceX already owns almost all of the property. 

A brand new $15,000 electric SUV is real. But The Toyota bZ3X is only available to customers in China. 

President Trump said he was uncertain whether he was duty bound to uphold the Constitution, saying in a television interview aired Sunday that was a question better posed to his lawyers. (WSJ)

Warren Buffett said Saturday at Berkshire’s annual meeting that he plans to step down as CEO at the end of the year and hand the reins to Vice-Chairman Greg Abel. (WSJ)

Trump authorized a 100% tariff on films produced overseas, calling the use of incentives by foreign countries to draw filmmakers and studios away from the U.S. a national-security threat. (WSJ)

Some small and midsize U.S. manufacturers are seeing an uptick in orders from companies looking to avoid paying new tariffs, stoking hope that the levies might boost their businesses over the longer-term. (WSJ)

The WSJ CIO Journal Team is Steven Rosenbush, Isabelle Bousquette and Belle Lin.

The editor, Tom Loftus, can be reached at thomas.loftus@wsj.com.