"The labor market is showing clear signs of weakness. Long-term unemployment has been trending upward, and the share of Americans looking for work recently eclipsed the number of available roles. Alongside a steady drum of layoff headlines, unemployment ticked up more than expected last month to 4.6%. Young people are having trouble breaking in, older workers are hesitant to retire, and with the "flattening" of many companies, the middle rungs of the career ladder are crumbling."
"Given the timing, it's easy to villainize artificial intelligence. C-Suite leaders across industries have said they're "all in on AI," often to the dismay of rank-and-file employees.The tech is quickly reshaping how workers are assessed on the job and how companies define productivity. It's even shaking up the hiring process: My colleagues have talked to job seekers who submitted hundreds of résumés without landing a role, as HR departments are swamped by AI-assisted applications."
U.S. job market indicators point to growing weakness, with long-term unemployment rising and more Americans searching for work than there are open roles. Unemployment recently increased to 4.6%, and young workers face difficulty entering the labor force while older workers delay retirement. Organizational flattening is eroding middle-career advancement, and only healthcare and construction have shown notable hiring gains. Slowing demand for entry-level talent combines with tariff uncertainty and high interest rates to strain employment. Artificial intelligence is changing hiring and productivity assessment and complicating applicant screening, but it is not yet the dominant driver of the downturn.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]