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19.09.26 - 02:48
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Shocker: AI-Exposed College Majors Linked To Weaker Employment And Pay, Study Finds (ZeroHedge)
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Shocker: AI-Exposed College Majors Linked To Weaker Employment And Pay, Study Finds
Authored by Bill Pan via The Epoch Times,
The rise of artificial intelligence coincides with a sharp deterioration in initial earnings and employment for graduates of the college majors most exposed to the technology, according to a new study.
A job seeker meets with a recruiter during a job fair at the Carson Event Center in Carson, Calif., on June 30, 2026. Justin Sullivan/Getty Images
Since the release of ChatGPT in late 2022, graduates in the 10 percent of majors most exposed to AI saw their likelihood of finding a job shortly after graduation fall by 5 percentage points, according to a working paper published by the U.S. Census Bureau's Center for Economic Studies on Sept. 10.
Their initial quarterly earnings also fell by about 13 percent relative to graduates in fields less exposed to AI, according to the findings.
"This earnings decline is comparable in magnitude to the earnings losses associated with g...
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17.09.26 - 20:01
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AI Wealth Boom and Silicon Valley′s Jobless Tech Workers (Bloomberg)
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As the global AI debate heats up, another major AI-related discussion is roiling the US tech capital: Who is reaping the financial benefits of the AI boom, and who is missing out? As the coming IPOs of Anthropic and OpenAI are set to bring wealth to San Francisco, a recent gathering of laid-off workers highlight the flip side of the AI boom. Bloomberg's California reporter Francesca Maglione joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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17.09.26 - 15:01
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U.S. Weekly Jobless Claims Unexpectedly Decrease (AFX)
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WASHINGTON (dpa-AFX) - A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th.The L......
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17.09.26 - 14:54
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US Jobless Claims Fall to Lowest Level Since July at 196,000 (Bloomberg)
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Applications for US unemployment benefits decreased by 10,000 to 196,000 in the week ended Sep. 12, according to Labor Department data released Thursday. Claims fell last week to the lowest level since July, adding to signals of labor market stability. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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17.09.26 - 08:42
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Dutch Jobless Rate Remains Stable At 4.0% (AFX)
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BRUSSELS (dpa-AFX) - The Netherlands' unemployment rate held steady in August after rising to a 4-month high in the previous month, data from the Central Bureau of Statistics showed on Thursday.Th......
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16.09.26 - 09:00
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Sweden Jobless Rate Rises To 8.5% (AFX)
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STOCKHOLM (dpa-AFX) - Sweden's unemployment rate increased in August from a 20-month low in the previous month, figures from Statistics Sweden showed on Wednesday.The unadjusted unemployment rate ......
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