AI's Impact on U.S. Employment: A Mixed Effect on Job Growth

Goldman Sachs economist Elsie Peng has assessed the influence of artificial intelligence on the U.S. labor market, noting a reduction in monthly payroll growth by approximately 16,000 jobs over the past year. According to NS3.AI, this development has contributed to a 0.1 percentage point increase in the unemployment rate. However, AI has also created around 9,000 jobs per month in sectors with high augmentation potential, such as education, judging, and construction management. Peng highlighted that the negative impact on employment has predominantly affected younger, less experienced workers in entry-level white-collar positions.