Goldman Sachs Says AI Cost US Economy 16,000 Jobs Per Month

Goldman Sachs Says AI Cost US Economy 16,000 Jobs Per Month

Photo by BeInCrypto AI has trimmed US monthly payroll growth by roughly 16,000 jobs over the past year, according to new research from Goldman Sachs economists, nudging the unemployment rate up by 0.1 percentage point. The analysis separates jobs at risk of being replaced by AI from those where the technology augments human workers. That distinction reveals a far more uneven labor market than headline figures suggest. The Jobs AI Is Replacing The study from Goldman Sachs economist Elsie Peng combines a displacement score with an IMF complementarity index. The result pinpoints roles where AI substitutes for workers rather than simply overlapping with them. Telephone operators, insurance claims clerks, and...
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How to Tailor Your VA Job Search on USAJOBS 

How to Tailor Your VA Job Search on USAJOBS 

It’s easy to get overwhelmed when you search for jobs on USAJOBS. For starters, even searching for open positions at just the Department of Veterans Affairs (VA) returns thousands of results. Luckily, USAJOBS has several very effective filtering options that can help you narrow down your options. Here are six tips to tailor your VA job search and get the best results for your needs.   Start with the VA Careers search function. By using the built-in search on the homepage, you’ll automatically filter your search to only include VA jobs.   Search by location. If relocating isn’t an option for you, adjust your filters to only include results where you could feasibly accept a job. Within your USAJOBS search, you can even search by multiple locations at once or by the distance from a specific location.   Tailor to hiring paths. In addition to filtering out job postings that you may not be eligible for, tailoring your search to specific hiring paths can also highlight...
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No, Says Economist, March US Jobs Report ‘Is Not Good’

No, Says Economist, March US Jobs Report ‘Is Not Good’

As US Labor Secretary Lori Chavez-DeRemer on Friday declared that "America's economic comeback is on full display" and the country's "workers are winning again" due to what the business press and top newspapers called a "strong" March jobs report, some economists stressed the importance of looking beyond the topline figure and one month of data.The US Bureau of Labor Statistics announced that employers added 178,000 jobs last month, with gains in construction, healthcare, and transportation and warehousing, and declines in the federal government. The unemployment rate fell slightly to 4.3%, with 7.2 million people officially jobless."Folks, today's jobs report is not good," declared Heidi Shierholz, president of the think tank Economic Policy Institute (EPI). She pointed to average job growth over the past two months, the reason for the drop in unemployment ("people leaving the labor force"), slowing wage growth, and the fact that "the effects of our war in Iran aren't even in these numbers yet."EPI senior economist Elise...
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Ripple Exec: Clarity Act Can Unlock More US Jobs

Ripple Exec: Clarity Act Can Unlock More US Jobs

Stuart Alderoty, Ripple’s chief legal officer, has linked the passage of the CLARITY Act to potential job creation and broader economic growth in the United States."A vote for Clarity is a vote for jobs and economic growth," Alderoty wrote on X.This comes after the National Cryptocurrency Association (NCA) published new research examining crypto’s contribution to the U.S. labor market.  Ripple Exec: Clarity Act Can Unlock More US Jobs Ripple Pledges Significant Donation to Nepal The report, which was produced in partnership with Pragmatic Policy Group, estimates that the crypto industry supports 232,000 jobs across the country in 2026.Of those, around 34,000 are direct positions at crypto companies such as Ripple and Coinbase. Another 75,000 jobs are supported by suppliers and contractors serving the industry, including law firms, cloud-computing providers and accounting businesses.  ...
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Feeling stuck in a job or job search? What to do to feel better

May 21, 2026Updated May 28, 2026, 2:03 p.m. ETOne of the few things more stressful than looking for a job in 2026 may be trying to hold onto one, new research suggests.After a year of weak growth, the labor market has shown some signs of picking up steam. The Labor Department estimated U.S. employers added 115,000 jobs in April and 185,000 jobs in March. But month after month, hiring remains concentrated in certain sectors like health care and social assistance. Workers outside those industries have clung to their jobs fearing they won’t be able to find another amid growing AI adoption, waves of layoffs, and a general sense of economic uncertainty that may prompt employers to scale back hiring.Attempting to secure a job in this environment can feel grueling. A Resume Genius report detailing the results of a survey of 1,000 job seekers conducted by Pollfish found 49% of those looking for work say the search has negatively impacted their...
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US college graduates face harsh job market amid economic uncertainty | Education News

US college graduates face harsh job market amid economic uncertainty | Education News

New York City, USA – Like clockwork each May, soon-to-be college graduates drift into New York City’s Washington Square Park in caps and gowns, typically in purple, the school colour of nearby New York University. A sea of mostly 20-somethings gather for photographs that mark the moment when the predictability of collegiate life comes to a close and new graduates face the uncertainty of what’s next.Julie Patel, who just finished a master’s degree in public health, was one of those graduates. But a tight job market has dampened the joy of the graduation ceremony.Recommended Stories list of 4 itemsend of list“I think expectations of when I came into this programme and coming out of it in terms of a job search, funding and what’s available are two very different things,” Patel told Al Jazeera.Like millions of her peers around the country, she is headed into a precarious job market amid a surge in economic uncertainty driven by a range of...
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Hey Siri, Hire a Federal Employee

Hey Siri, Hire a Federal Employee

By Adam Starr, Chief Information Officer and Senior Advisor to the Director Okay, we're not quite there yet, but we are helping move the federal government a whole lot closer. Every federal agency is now capable of adopting AI in the hiring process. We owe job applicants and taxpayers a faster, better hiring process, and AI is an obvious step. But incentives are too often misaligned: the HR employee who innovates carries the risk of accusations of misuse of AI, while the benefits of a faster process accrue elsewhere in the agency. Absent clear policy, many people freeze. And freezing isn't free — it costs the applicant who waits on an offer or takes another job, the hiring manager staring at an empty seat with their mission at risk, and the taxpayer funding a broken process. It currently takes on average a whopping 87 days to hire in the federal government. Clearly, the current process is not working. To accelerate AI use, OPM...
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OPM memo pushes agencies to speed up hiring with AI

OPM memo pushes agencies to speed up hiring with AI

After the federal government lost thousands of workers last year, the Office of Personnel Management released guidelines to help agencies safely use artificial intelligence that would speed up lengthy hiring procedures.“We owe job applicants and taxpayers a faster, better hiring process, and AI is an obvious step,” wrote Adam Starr, OPM’s chief information officer, in a blog post. “It currently takes on average a whopping 87 days to hire in the federal government. Clearly, the current process is not working.”Agencies should review AI involved in hiring processes and determine whether they are “high-impact” or “presumed high-impact,” according to a memo released on Thursday. High-impact use cases are ones where AI “output serves as a principal basis for decisions or actions with legal, material, binding, or significant effect on” civil rights, privacy, access to critical government programs, critical infrastructure, public safety and more, according to the document sent to agency heads.For high-impact cases, agencies must either implement “minimum risk management practices”...
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The job market is much stronger than economists expected. Why?

The job market is much stronger than economists expected. Why?

Against all odds, the U.S. job market is in a good place. Employers added 172,000 jobs in May, blowing past analyst forecasts and sustaining the healthy pace of payroll gains from the two prior months. Average monthly job growth from March through May has tripled from roughly 63,000 a year ago to nearly 190,000 this spring.The economy has faced one headwind after another over the past year: the highest tariffs in more than 70 years; the Iran war; a recurrence of the inflationary pressures that slammed Americans during the pandemic; persistent public pessimism, or "vibecession," as millions struggle with the cost of living; and immigration restrictions.Despite these challenges, the labor market is showing surprising strength after weakening toward the end of 2025 and into early 2026.  Several forces account for the recent burst in job growth, according to economists. Strong corporate profits are "a huge part of the equation," eToro U.S. investment analyst  Bret Kenwell told CBS News. "That's what gives them the...
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US unexpectedly loses 23,000 jobs in July despite President Donald Trump citing an economic revival

US unexpectedly loses 23,000 jobs in July despite President Donald Trump citing an economic revival

The United States has unexpectedly shed thousands of jobs, according to government data, despite President Donald Trump's claims he had led an economic revival in the country.The world's largest economy lost 23,000 jobs in July, data published by the US Bureau of Labor Statistics (BLS) showed, signalling a potential weak labour market after months of steady growth.The unemployment rate has remained relatively steady though at 4.1 per cent, likely a result of falling labour supply as the US economy grapples with an aging population and lower net migration.Since taking office for his second term, Mr Trump has unleashed a spate of policies aimed at reviving domestic manufacturing and curbing surging inflation.The United States has unexpectedly lost thousands of jobs, despite President Donald Trump claiming he had led an economic revival in the country. (Reuters: Evelyn Hockstein)But based on the new figures, job growth hit a peak in March before declining in the next three months and entering negative territory in...
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