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Business
fromFortune
1 hour ago

Unemployment hits 4-year high as frozen jobs data shows recession risks getting 'uncomfortably high,' top economist Mark Zandi says | Fortune

U.S. labor market is stalled: payroll growth flat, unemployment rising, productivity and AI-driven efficiency replacing hiring, creating persistent weak labor demand.
#ai
fromFortune
1 month ago
Artificial intelligence

A recession could test whether AI is truly fueling an economy with 'jobless growth' | Fortune

AI-driven productivity gains risk enabling economic growth without proportional job creation, potentially producing persistent jobless recoveries and widespread workforce displacement.
fromBusiness Insider
2 months ago
Artificial intelligence

Goldman Sachs warns of 'jobless growth' in the US as AI fuels output but not jobs

AI-driven productivity is boosting GDP while suppressing job growth, signaling a shift toward jobless growth and weaker hiring despite strong economic output.
fromFortune
1 month ago
Artificial intelligence

A recession could test whether AI is truly fueling an economy with 'jobless growth' | Fortune

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US news
fromFuturism
2 months ago

Goldman Sachs Says Gen Z Is Pretty Much Permanently Screwed

AI-driven productivity gains are driving GDP growth while job growth remains modest, producing persistent "jobless growth" and weaker hiring prospects for young workers.
fromFortune
2 months ago

Goldman economists on the Gen Z hiring nightmare: 'jobless growth' is probably the new normal | Fortune

The challenging U.S. labor market is entering a new normal, according to Goldman Sachs economists David Mericle and Pierfrancesco Mei, who tackled the phenomenon of "jobless growth" in an October 13 note. It resonates with what Federal Reserve chair Jerome Powell memorably described in September as a " low-hire, low-fire " labor market and the fact that, for some reason, "kids coming out of college and younger people, minorities, are having a hard time finding jobs."
Artificial intelligence
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