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Job Openings

All articles tagged with #job openings

economy2 months ago

AI Launch Correlates with Job Decline and Market Surge, but the Real Cause Is Debated

Since ChatGPT's launch, the US stock market has surged while job openings have fallen sharply, but economist Derek Thompson argues that the primary causes are monetary policy, trade and immigration policies, rather than AI itself. The decline in jobs is more linked to interest rate hikes and trade restrictions, with AI-related sectors showing less decline than others, and AI stocks contributing significantly to market gains. The situation highlights a divided economy: a booming AI-driven sector and a sluggish broader job market.

economy7 months ago

US Job Market Remains Strong Despite Tariff Uncertainties

In April, US job openings unexpectedly increased to 7.39 million despite tariff-related economic uncertainties, indicating a resilient labor market. The data showed growth in white-collar and healthcare sectors, while hospitality and tariff-sensitive industries saw declines. Overall, the labor market remains relatively strong with low unemployment, though some economists warn of fragility due to cautious spending and slow hiring. The upcoming May jobs report is anticipated to reflect the ongoing impact of tariffs.