Until we see persistent, continual job losses over a long period of time across the entire economy, the safe bet is that history is simply rhyming. AI will disrupt segments of the labor market. Future generations of accountants, lawyers, and economists will be disrupted most. But you shouldn’t expect your children to be lying around…
Jitters about losing jobs to AI are broad-based, but the researchers found that women may be more vulnerable because of the types of roles in which they are overrepresented. For example, of the six million people in the US holding clerical and administrative roles, roughly 86% are women, according to the Brookings report. This group…
Futures markets assign a 99.4% chance that the Fed leaves interest rates unchanged at its policy meeting next week. Source
US employers unexpectedly reduced hiring in February, and the unemployment rate increased, fueling concerns about the labor market’s strength, according to Bloomberg. According to data released Friday by the Bureau of Labor Statistics (BLS), nonfarm payrolls fell by 92,000 last month following a strong start to the year. The unemployment rate rose to 4.4%. The…
The US Labor Department on Wednesday (local time) reported strong jobs data for January 2026, with employers adding 130,000 jobs last month and the unemployment rate declining to 4.3%, Bloomberg reported. The data released shows a strong start to 2026 as compared to the slowed growth witnessed in the previous year, when job gains averaged…
By Gertrude Chavez-Dreyfuss NEW YORK, – US Treasury yields advanced on Wednesday, briefly extending earlier gains, after the Federal Reserve left interest rates steady, as widely expected, and noted that inflation remained elevated and the labor market continued to stabilize. The Fed held rates unchanged at the 3.50%-3.75% range following a two-day meeting. The Fed,…
Britain is shedding more jobs than it generates due to artificial intelligence (AI) — and at a quicker pace than its global rivals. The substantial advantages for businesses implementing this tech are appearing at a notably steep price for UK staff, straining an already decelerating labor market, Bloomberg reported., citing a Morgan Stanley report. The…
US employers added a modest 50,000 jobs, capping a year marked by consistently weak hiring momentum. The latest data underscore a labor market that has cooled significantly compared with the robust gains seen in earlier. Despite the soft job growth, the unemployment rate fell to 4.4%, suggesting that fewer people are actively seeking work even…
LONDON, Jan 2 (Reuters) – The US dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of US economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between…
