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Jobless Growth

All articles tagged with #jobless growth

The K-Shaped Economy Deepens Economic Divides

Originally Published 18 days ago — by Fortune

The US economy showed strong GDP growth of 4.3% in Q3, driven by consumer spending and corporate profits, but this growth is not supported by job creation or income increases, leading to concerns about a K-shaped recovery where the wealthy benefit while lower-income households face stagnation and financial pressure, raising questions about the sustainability of this growth.

business economy consumer-spending economy gdp-growth income-stagnation jobless-growth k-shape-recovery

Goldman Sachs Warns of Jobless Growth Amid AI-Driven Changes

Originally Published 2 months ago — by Fortune

Goldman Sachs economists warn that the U.S. is entering a period of 'jobless growth' driven by AI and demographic trends, leading to a 'low-hire, low-fire' labor market with limited job creation despite steady GDP growth, which could persist and pose challenges for policymakers and workers alike.

business economy ai-impact economy gdp-growth jobless-growth labor-market recession