#1
#1 out of 13.4K est. views
business1d ago
Investing legend Mohamed El-Erian gives 3 reasons why the US job market will continue to lag a booming economy
- Economy grows strongly while hiring lags, signaling an unusual decoupling.
- El-Erian ties the gap to AI adoption and front-running in workplaces.
- Policy and uncertainty may restrain hiring longer than expected.
- Past patterns of divergence appear in 90s and post-crisis periods, but timing differs.
- Forecasts warn of a potential 'jobless growth' phase as AI disrupts work.
- Global hiring impact projected by major banks and AI advocates.
- GDP growth remains robust despite weaker job gains.
- Technological adoption and policy choices could shape the labor outlook.
- Experts see possible weaker labormarket in 2026 amid AI disruption.
- AI and robotics adoption could redefine hiring needs long-term.
Vote 0