The shock jobs report sets off this recession alert and holds fresh clues that AI may be boosting unemployment, JPMorgan says

Friday, the job report that published an amazing awakening to Wall Street also contained a signal of recession and more indications than AI weighs on employment. The payroll increased by 73,000 people last month, well below the forecasts of around 100,000. Meanwhile, the May’s count was reduced from 144,000 to 19,000, and the total of…

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Top economist Brad DeLong to recent college grads: Don’t blame AI for job struggles—blame the sputtering economy

While recent university graduates have faced one of the most difficult labor markets for years, the economist of Berkeley and Voluble Bradacker Brad Delong has a message for those who fight to win their first full -time concert: artificial intelligence (IA) and automation are not to be blamed. Larger forces are at work. Delong, professor…

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AI is leading to thousands of job losses, report finds

The American labor market, already showing the tension of World trade tensionsshows the first signs of another critical problem facing workers today: artificial intelligence. In July alone, the increase in the adoption of genetive AI technology by private employers has represented more than 10,000 job cuts, according to a report published this week by Challenger,…

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