Yale Budget Lab
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The Strong Jobs Report Hides a Quieter Story: AI Is Erasing 16,000 US Jobs Every Month
The US added 172,000 jobs in May 2026, more than double the consensus forecast. Beneath the headline, Goldman Sachs has quantified a quieter reality: AI substitution is eliminating 25,000 jobs monthly while augmentation creates 9,000, for a net loss of 16,000. Gen Z is taking the brunt. An economic analysis of what the BLS data… Continue reading
AI augmentation, AI displacement, AI jobs, AI substitution, BLS, Center for American Progress, Elsie Peng, entry level jobs, Federal Reserve, Gen Z, Goldman Sachs, Joseph Briggs, labor market, May 2026 jobs report, NY Fed, occupational downgrading, Tech layoffs, unemployment, wage scarring, Yale Budget Lab