AI and Technology Contributing to Unemployment Trends, Economists Warn

Reported 20 days ago

Recent insights from economists indicate that technology, particularly AI, is beginning to contribute to unemployment in the US labor market. Despite adding 227,000 nonfarm payroll jobs in November, the unemployment rate rose to 4.2%, with concerns that 'technological unemployment' from big tech is causing longer periods of joblessness for workers. Experts express caution regarding potential risks from yet-to-be-implemented economic policies.

Source: YAHOO

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