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Labor Market
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Bill Gates proposes a "robot tax" and the creation of "human-exclusive" jobs to counter the impact of artificial intelligence on the labor market.
Microsoft co-founder Bill Gates today published an article on his Gates Notes website, proposing two novel suggestions: first, to levy a "robot tax" to slow down the pace at which machines replace hum
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Ludwig Institute: U.S. "Functional Unemployment" Hit Nearly 25% in July, Signaling Weaker Labor Market Than Official 4.1% Rate
The Ludwig Institute's alternative labor-market measure, which includes unemployed workers, involuntary part-timers, and those earning poverty-level wages, showed the rate has risen for four straight
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Goldman Sachs research finds AI is starting to weigh on developed economies' labor markets, with call center employment significantly below trend and entry-level workers most affected.
The investment bank's report, published Wednesday, indicates that industries with greater AI exposure have seen slower job opening growth since the second half of 2022, particularly in Germany, Austra
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Bond traders are focused on Friday's labor market data, which could influence expectations for a September rate hike by the Federal Reserve.
Bond traders are focused on Friday's labor market data, which could influence expectations for a September rate hike by the Federal Reserve.
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EY-Parthenon expects the Fed to keep interest rates unchanged through year-end, citing a stable labor market despite Wall Street's payroll expectations.
EY-Parthenon believes the labor market remains stable and is unlikely to shift the Fed's focus, even after Friday's jobs report. The firm states that only broader, more persistent inflation or a meani
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Yellen stated that inflation remains a key challenge, the U.S. labor market is performing well, and the Middle East conflict has a limited economic impact.
Former US Treasury Secretary and Federal Reserve Chair Janet Yellen stated that the US labor market is functioning well and is no longer overheating to the point of fueling inflation. She added that s
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DeItaone Reports: U.S. JOLTS Job Openings in June at 7.359 Million, Below Consensus of 7.400 Million
DeItaone Reports: U.S. JOLTS Job Openings in June at 7.359 Million, Below Consensus of 7.400 Million
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Morgan Stanley: AI Displacement Adds 15 Basis Points to Unemployment Rate, Up From 10 Bps Last December, Affecting Young People Most
A report by Morgan Stanley economists, led by Diego Anzoategui, highlighted that the displacement effect of AI in the labor market is most pronounced among young people. The firm noted that since 2023
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BOE Governor Bailey Highlights 'Huge Uncertainty' and Labor Market Softness After Holding Rates
Bank of England Governor Andrew Bailey stated there is "huge uncertainty" globally, including around energy prices, and noted a "softness" in the labor market. His comments follow the Monetary Policy
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U.S. Private Sector Hiring Slows for Fifth Consecutive Week
ADP data indicates that U.S. private employers added an average of 15,000 jobs per week in the four weeks ending July 11, marking a fifth consecutive weekly slowdown. This figure has fallen from 35,75
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Analyst: U.S. Wage Growth Slowdown May Be a Statistical Illusion; Labor Market Inflationary Pressures Persist, Supporting the Fed’s Stance on High Interest Rates
Some analysts point out that the slowdown in wage growth in the U.S. labor market may be a statistical illusion rather than a widespread cooling-off. Matt Klein of the economic analysis publication *T
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Fed’s Hamak: There Is No Conflict Between the Fed’s Dual Mandates
Svmuu News: Federal Reserve official Hammack stated that there is no conflict between the Fed’s dual mandates. Persistently high inflation is the greater cause for concern. The labor market is nearing
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Warsh: The two aspects of the Federal Reserve’s dual mandate—price stability and maximum employment—are not in conflict with each other
Svmuu News: Federal Reserve Chair Warsh outlined his views on the economy. Warsh stated that economic conditions are robust and financial markets appear to be functioning well, but the housing market
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Federal Reserve Chair Warsh: Cautious About the AI Boom
Svmuu News: Federal Reserve Chair Warsh is optimistic about the overall economic situation. He believes the labor market is generally stable, with virtually no layoffs, and that nominal wages have als
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In the week ending June 20, initial jobless claims in the U.S. totaled 215,000, compared with an expected 225,000.
Svmuu News: In the week ending June 20, initial jobless claims in the U.S. totaled 215,000, compared with an expected 225,000; the previous figure was revised from 226,000 to 227,000. (Jin Shi)
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ADP data suggests the US labor market may still be accelerating
According to Svmuu, U.S. companies added the highest number of new jobs in May since January 2025, indicating that the labor market may still be accelerating despite rising energy costs due to the war
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FT analysis: AI's impact on labor market shows rising productivity and falling employment in tech sector, but is muddier elsewhere.
FT analysis: AI's impact on labor market shows rising productivity and falling employment in tech sector, but is muddier elsewhere.
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Nikkei Asia reports that the Japanese government is tightening immigration rules for long-term residents and permanent residency
Nikkei Asia reports that the Japanese government is tightening immigration rules for long-term residents and permanent residency, while expanding worker pathways for industries facing chronic labor sh
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Reserve Bank of Australia (RBA) Assistant Governor Kent stated that the Australian labor market is loosening faster than the central bank expected.
Reserve Bank of Australia (RBA) Assistant Governor Kent stated that the Australian labor market is loosening faster than the central bank expected.
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Nearly two-thirds of U.S. builders say immigration enforcement affects their workforce, causing hundreds of thousands of dollars in losses, a survey shows.
Nearly two-thirds of U.S. homebuilders reported that immigration enforcement is impacting their workforce, according to a September survey by John Burns Research & Consulting. This figure is up from 2
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US initial jobless claims for the week of October 10 were 199,000, below the expected 200,000 and the prior reading of 197,000.
US initial jobless claims for the week of October 10 were 199,000, below the expected 200,000 and the prior reading of 197,000.
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Federal Reserve's Williams stated that the economy is not overheating, there are no inflationary pressures in the labor market, and disinflationary forces are still at play.
Federal Reserve's Williams stated that the economy is not overheating, there are no inflationary pressures in the labor market, and disinflationary forces are still at play.
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World Bank Jobs Council Co-Chair Calls for Permanent 'Crisis-Era' Support Measures to Aid Youth Employment Amid AI Disruption
Singapore President Tharman Shanmugaratnam, co-chair of the World Bank's Jobs Council, urged governments to make "crisis-era" support measures, similar to those used during the Covid-19 pandemic, a pe
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IMF Chief Georgieva Warns AI is a 'Slow-Moving Tsunami' for Global Labor Market, Especially Young Workers
International Monetary Fund Managing Director Kristalina Georgieva warned on Monday that artificial intelligence is hitting the global labor market like a "slow-moving tsunami," with young people ente
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US initial jobless claims fell to 197,000 last week, staying near a 57-year low for the fourth consecutive week.
The U.S. Department of Labor reported on Thursday that initial jobless claims for the week ending October 3 fell by 2,000 to a seasonally adjusted 197,000, below market expectations of 200,000, and re
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Bank of Japan begins quarterly publication of labor market indicators, alongside output gap and potential growth rate data
The Bank of Japan's Research and Statistics Department has started quarterly publication of labor market indicators. These indicators are considered suitable for complementary monitoring of the output
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Fed reporter Nick Timiraos: Ho-hum labor report doesn't change Fed's story, as officials signaled October rate hike unlikely; September CPI due Oct. 14 more important
Fed reporter Nick Timiraos stated that the recent ho-hum labor market report doesn't really change the narrative for the Federal Reserve, whose senior officials had indicated this week that an October
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Wall Street expects 84,000 job growth in September report due Friday
Wall Street anticipates the U.S. September nonfarm payrolls report, due Friday, will show job growth of 84,000, with the unemployment rate holding at 4.1% and average hourly earnings rising 3.1% year-
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Fed Governor Cook states inflation has been too high for too long, remains committed to target while preserving labor market strength
Fed Governor Lisa Cook stated that inflation has been too high for too long, reiterating her commitment to bringing it back to target while preserving labor-market strength. Cook did not comment direc
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US initial jobless claims fell to 197,000 last week, one of the lowest levels since 1969.
US Department of Labor data released on Thursday showed that initial jobless claims for the week ending September 19 decreased by 1,000 from the previous week to 197,000, the lowest level since July a
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Barclays Report: AI Replacement Wave Overestimated, Only 20% of Core Workplace Skills Highly Replicable, but Amplification Effect Has Spread
Barclays released a research report on September 22, stating that AI's impact on the labor market is much milder than the market narrative suggests, yet more profound. The report indicates that core w
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US initial jobless claims fell to 196,000 last week, the lowest level since 1969.
U.S. Department of Labor data shows that initial jobless claims in the U.S. fell to 196,000 for the week ending September 12, a decrease of 10,000 from the previous week, marking one of the lowest lev
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Northwestern Mutual's Matt Stucky says hotter-than-expected inflation could increase the chances of a Fed rate hike this month
Stucky notes that markets currently see roughly a 50-50 chance of a hike. Friday’s core CPI is expected to rise 0.2% month-over-month, and a stronger reading, combined with the resilient U.S. labor ma
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Citi economist Clark said the Federal Reserve's labor market narrative could shift rapidly.
Citi economist Veronica Clark said she sees several scenarios where inflation and labor market data could lead the Federal Reserve to cut interest rates.
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Roth Capital Partners Chief Economist Darda says he is not seeing signs of overheating from any labor market indicators
Roth Capital Partners Chief Economist Darda says he is not seeing signs of overheating from any labor market indicators. His comments come ahead of Friday's jobs report, as a recent plunge in US labor
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U.S. hiring slows again, with the labor market adding the fewest new jobs on record during an economic expansion.
The U.S. labor market, after an early-year surge in employment, is experiencing a summer slowdown in hiring. Fewer help-wanted ads and the current pace of job creation, which is the lowest on record d
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Bank of England Governor Andrew Bailey Says UK Is Seeing Subdued Second-Round Inflation Effects, Citing Softening Labor Market
Bank of England Governor Andrew Bailey Says UK Is Seeing Subdued Second-Round Inflation Effects, Citing Softening Labor Market
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U.S. Department of Labor: The number of jobs was revised down by 79,000 for the 12-month period ending March this year, indicating a slight weakening in the labor market.
The U.S. Bureau of Labor Statistics (BLS) stated that revised data showed the number of U.S. jobs decreased by 79,000 in the 12 months ending in March this year compared to previously reported figures
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Warsh: Consumer Spending Healthy, Labor Markets Stable
Warsh: Consumer Spending Healthy, Labor Markets Stable
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Kansas City Fed President Schmid on Kevin Warsh's First Jackson Hole Meeting
Kansas City Fed President and CEO Schmid said in an interview that markets will be closely watching new Federal Reserve Chair Warsh's Friday speech at this year's Jackson Hole conference for signs of
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