And so, soon we will see the number of jobs below the  economic growth for the 1st time.

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Our economists’ analysis shows a modest net drag on labor markets, with AI reducing monthly payroll growth by roughly 16,000 jobs in the past year and raising the unemployment rate by 0.1 percentage point.

When our economists looked specifically at jobs with the potential for AI augmentation, they found an increase of monthly payroll growth by about 9,000 jobs in the past year, and a small lowering of the unemployment rate.

Our economists’ analysis shows a modest net drag on labor markets, with AI reducing monthly payroll growth by roughly 16,000 jobs in the past year and raising the unemployment rate by 0.1 percentage point.


When our economists looked specifically at jobs with the potential for AI augmentation, they found an increase of monthly payroll growth by about 9,000 jobs in the past year, and a small lowering of the unemployment rate.