The shock jobs report sets off this recession alert and holds fresh clues that AI may be boosting unemployment, JPMorgan says
The jobs report that delivered a stunning wake-up call to Wall Street on Friday also contained a recession signal and more indications that AI is weighing on employment. Payrolls grew by just 73,000 last month, well below forecasts for about 100,000. Meanwhile, May’s tally was cut from 144,000 to 19,000, and June’s total was slashed … Read more