AI is just one part of the complicated GDP and labor market picture.
Consumer spending is soldiering on. Business investment continues to grow. And the economy’s expanding, albeit at a slower pace.
So where are the jobs?
The US saw almost no payroll growth last year, notching a paltry 181,000 positions, with more unemployed people than there were job openings.
The mismatch may have something to do with artificial intelligence. Companies are dropping tons of money on AI while pulling back on hiring.
Emma Ockerman | Yahoo Finance