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AI-heavy firms are hiring more, especially at the entry level, study finds
business6 days ago

AI-heavy firms are hiring more, especially at the entry level, study finds

A Ramp and Revelio Labs study finds that firms investing heavily in AI grew payroll by about 10% over two years, with entry-level hiring up around 12%, suggesting AI-native companies may create more jobs. But broader research (Stanford, California AI-unemployment tracker) shows mixed effects, including rising unemployment claims in highly AI-exposed roles and some declines for young software developers, highlighting a nuanced, firm-dependent impact on the job market.

via Los Angeles Times|
#ai-adoption#business#employment
Heavy AI Adoption Spurs Hiring, Not Job Losses, Study Finds
business9 days ago

Heavy AI Adoption Spurs Hiring, Not Job Losses, Study Finds

A Ramp/Revelio Labs analysis of 21,559 US firms shows that high-intensity AI spending (about $33.67 per employee) was associated with 10.2% headcount growth over two years, including a 12% rise in entry-level roles. Low-intensity adopters saw little staffing change. The sample focuses on tech-forward, white-collar firms and may not generalize to all workers. While results aren’t definitive about long-run effects, economists note AI adoption can create roles and drive retraining, with organizational change often needed to realize gains.

via USA Today|
#ai#business#economy
Factory PMI Signals Sharp Jobs Drop as Costs Bite
business16 days ago

Factory PMI Signals Sharp Jobs Drop as Costs Bite

The June S&P Global US Flash PMI shows U.S. manufacturing payrolls contracting for the second straight month, with factory layoffs at the fastest pace since the pandemic and near the worst outside the 2008–09 crisis (excluding COVID). While cooling energy costs ease input inflation, service growth remains subdued and the upturn is being buoyed mainly by inventory rebuilding, raising questions about the durability of demand.

via Mediaite|
#business#economy#employment
Factory job cuts near 2009 levels as demand fears mount, PMI reveals
business17 days ago

Factory job cuts near 2009 levels as demand fears mount, PMI reveals

June's S&P Global flash PMIs show U.S. manufacturing still expanding for the month (PMI 55.7) but with factory job cuts at their highest since 2009 outside the Covid period, highlighting demand worries and rising costs even as inventories bolster output; services activity also rose modestly (PMI 51.3), underscoring that overall growth remains tepid for the economy.

via CNBC|
#business#economy#employment
Robot deliveries could replace 700,000 JD.com couriers, says founder
technology19 days ago

Robot deliveries could replace 700,000 JD.com couriers, says founder

JD.com founder Richard Liu warned that rapid automation could eventually replace about 700,000 delivery workers, as the company trains couriers for robot maintenance and runs pilot programs (e.g., airport delivery robots and robot restocking). The comments highlight policymakers’ worries about gig workers amid China’s push on robotics in its five-year plan, with youth unemployment rising and debates over social protections for platform workers.

via Financial Times|
#chinese-economy#employment#gig-economy
Americans uneasy about AI's potential to cost jobs at home, Reuters/Ipsos finds
technology1 month ago

Americans uneasy about AI's potential to cost jobs at home, Reuters/Ipsos finds

A Reuters/Ipsos poll of 4,531 U.S. adults finds 53% fear AI could cost someone in their household a job, with worry spanning age, gender and education; 37% aren’t worried and 10% are unsure. Democrats (about 61%) are more worried than Republicans (about 47%), and 73% say they’re worried about AI's increasing use, as companies cut AI-related jobs and policy debates intensify.

via Yahoo|
#ai#americans#employment
Apollo Economist: AI Spending Is Lifting Hiring, Not Cutting Jobs
business1 month ago

Apollo Economist: AI Spending Is Lifting Hiring, Not Cutting Jobs

Apollo Global Management chief economist Torsten Sløk says there’s zero evidence AI is causing job losses, arguing AI spending is lifting demand for AI skills and supporting hiring, with the April ADP report showing private payrolls up about 110,000. His view sits amid a broader debate, as some tech leaders and CEOs warn AI could reshape work and trigger layoffs, while others argue the technology will boost productivity and employment (a Jevons paradox) even as certain firms cite AI in layoffs.

via Business Insider|
#ai#automation#business
Gen Z Pushback on AI at Commencement Highlights Job-Market Fear
technology1 month ago

Gen Z Pushback on AI at Commencement Highlights Job-Market Fear

Graduating students across the U.S. booed speakers who framed AI as the future boon, reflecting a real surge of anxiety about how AI will affect entry-level jobs. Data on the Class of 2026 show higher unemployment for grads, a tighter hiring market, and a big spike in searches for entry-level roles, while Gallup finds Gen Z’s excitement about AI waning and concerns about risks outweighing benefits. Experts say the backlash goes beyond a momentary reaction and signals a broader skepticism about AI’s impact on work and creativity.

via CNBC|
#ai#anxiety#employment
Fresh CS grads enter an AI-shaped job market
technology1 month ago

Fresh CS grads enter an AI-shaped job market

A Washington Post piece follows new computer science graduates, like CMU’s Audrey Hasson, as they enter a job market increasingly reshaped by artificial intelligence. While AI creates exciting opportunities in new roles, many experts warn skills could become obsolete, prompting grads to weigh industry jobs against further study and adapt to evolving hiring trends across tech companies.

via The Washington Post|
#artificial-intelligence#chatgpt#employment
Gen Z Pushes Back on AI, Turning to Analog as Anxiety Grows
technology1 month ago

Gen Z Pushes Back on AI, Turning to Analog as Anxiety Grows

Gen Z's enthusiasm for AI is waning amid rising anxiety about job displacement and a public backlash at commencements; surveys show a 14% drop in excitement and growing anger toward AI, even as many young people still use AI daily. The mood shift coincides with a tougher job market and a nostalgia for older tech, with some grads and workers resisting AI strategies while others see AI as accelerating their careers.

via Business Insider|
#ai#analog#backlash