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Goldman Sachs Says AI Trimmed U.S. Payroll Growth by 16,000 Jobs a Month
Goldman Sachs economist Elsie Peng estimated that AI reduced U.S. monthly payroll growth by about 16,000 jobs over the past year and lifted the unemployment rate by 0.1 percentage point. Goldman Sachs also estimated that AI added about 9,000 jobs per month in high-augmentation occupations such as education, judging, and construction management. Peng said the employment drag has fallen mainly on younger, less experienced workers in entry-level white-collar roles.