fromFortune
3 weeks agoADP says job growth was 'whipsawed' in August, with rare warning on AI and consumer jitters
"The year started with strong job growth, but that momentum has been whipsawed by uncertainty," Nela Richardson, ADP's chief economist, said in the press release.She cited a mix of factors that are weighing on hiring decisions, "including labor shortages, skittish consumers, and AI disruptions."ADP's August report is among the first to namecheck AI disruptions, a rare admission that artificial intelligence is now beginning to reshape hiring sentiment.
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