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07.04.26 - 13:57
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Marc Andreessen Calls AI Job-Loss Fears ′Fake′, Expects Employment Gains (ZeroHedge)
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Marc Andreessen Calls AI Job-Loss Fears 'Fake', Expects Employment Gains
It is not the first time that the venture capital guru has questioned some of the fundamentally dystopian scenarios being proposition in an AI world.
In February, we noted that amid an armada of dystopian futurists, projecting linear thoughts into a future of 'AI uber alles', Marc Andreessen stands as a beacon of potential utopian light, seeing a future that looks very different and very positive for young and old alike.
In a brief few minutes, the co-founder of Netscape and VC firm Andreessen Horowitz (a16z) believes instead that we are living through a unique (and most incredible) time in history with the rise of AI coming right as human civilization needs it...
"we're going to have AI and robots precisely when we actually need them [with populations shrinking] to keep the economy from actually shrinking."
Simply put, Andreessen says that fears of AI-driven mass job loss are overly simplistic.
After de...
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06.04.26 - 17:12
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Prices Jump, Employment Dumps As US ISM Services Disappoints In March (ZeroHedge)
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Prices Jump, Employment Dumps As US ISM Services Disappoints In March
The last six months or so has seen S&P Global's and ISM's Services PMI surveys diverge dramatically (former at three year lows, latter near four year highs).
But, following S&P Global's Services PMI plunge into contraction in March, ISM's Services PMI actually 'agreed' and fell also (but only modestly) from 56.1 to 54.0 (still in expansion but worse than the expected 54.9)...
Source: Bloomberg
Under the hood it was a very mixed bag with a surge in New Orders (highest since Feb 2023 - good), but a simultaneous spike in Prices Paid (highest since August 2022 - bad), and a sudden plunge in Employment (weakest since Dec 2023 - ugly)...
Thirteen industries reported growth in March, one fewer than in February, and the number reporting contraction remained at three.
“The PMI survey data show the US economy buckling under the strain of rising prices and intensifying uncertainty, as the war in the Middle East exacerbates ex...
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06.04.26 - 10:00
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Spain Unemployment Falls Unexpectedly (AFX)
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MADRID (dpa-AFX) - Spain unemployment unexpectedly declined in March, data from the labor ministry revealed Monday. The number of unemployed decreased 22,934, or 0.9 percent, in March from the pre......
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03.04.26 - 17:12
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Starker US-Jobbericht - Beschäftigung in den USA klettert im März überraschend deutlich (Dow Jones)
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Wie das US-Arbeitsministerium berichtete, entstanden in der Privatwirtschaft und beim Staat 178.000 zusätzliche Stellen. Von Dow Jones Newswires befragte Volkswirte hatten einen Zuwachs um 59.000 erwartet. Zuwächse waren im Gesundheitswesen, im Baugewerbe sowie im Transport- und Lagersektor zu verzeichnen.. --- Die separat erhobene Arbeitslosenquote lag bei 4,3 (Vormonat: 4,4) Prozent, während Ökonomen eine Quote von 4,4 Prozent erwartet hatten.. --- Die US-Stundenlöhne stiegen gegenüber dem Vormonat um 0,2 Prozent auf 37,38 Dollar. Im Jahresvergleich lagen die Löhne um 3,5 (3,8) Prozent höher. Ökonomen hatten ein monatliches Plus von 0,3 Prozent und eine Jahresrate von 3,7 Prozent erwartet..
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03.04.26 - 15:36
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March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops (ZeroHedge)
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March Jobs Shocker: Payrolls Soar By 178K Most Since 2024, Blowing Away All Estimates; Unemployment Rate Drops
We titled our nonfarm payroll preview post "a substantial bounce" and boy were we right: with consensus expecting a material rebound from February's negative print (which was revised as usual worse, from -92K to -133K), what the BLS reported instead was a huge beat to expectations of a 65K increase, with March jobs reportedly rising by 178K, the biggest increase since December 2024.
The number was driven entirely by a surge in private workers which added 186K in March, far above estimates of 78K. Government workers continued to drop, sliding by 8K in March and now negative 8 of the past 9 months,
This was not only higher than all estimates but was a 3 sigma beat to the median forecast, something we haven't seen in over a year.
In keeping with tradition, the previous month's data was revised sharply negative, from -92K to -133K, despite expectations of an upward revision. ...
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