New Jobs Report Triggers Mixed Reactions, But AI Could Soon Upset the Entire Employment Picture
Last week, the Bureau of Labor announced that the U.S. economy added 256,000 jobs in December— far surpassing the 165,000 new roles economists anticipated.
On the surface, it is good news, but reactions were mixed.?
Stocks and bonds plunged because job growth means the Federal Reserve is less likely to initiate additional interest rate cuts this spring.
Others, meanwhile, found reasons to celebrate.
According to The New York Times, analysts were “blown away” by the report, because the December surge broke a long-standing trend where employment gains lagged expectations. Pundits also say it's likely that the incoming Trump administration will be thrilled to inherit an unemployment rate of 4.1 percent later this month.
The incoming administration might be wise to celebrate the good employment news while it lasts, because only hours before the BLS shared its findings, Bloomberg Intelligence, released a report indicating a grimmer employment picture lies ahead — at least for bank employees. And its findings paint a much different labor picture — one that will likely impact nearly every industry.
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About Susan Lindeque
Susan is a visionary entrepreneur, futurist, and thought leader with over 35 years of experience in business, finance, investments, real estate, wealth creation, and technologies.
Her Massive Transformation Purpose is:
“Working to Inspire Abundance for Humanity & Invest in Exponential Technologies.”
She is the founder and CEO of Avestix, a global asset, investment, advisory, and technology company focusing on public securities, next-venture capital, commercial real estate, and alternative assets based on ESG principles.
Susan is passionate about nurturing innovation, transformation, and disruption in the new decentralized economy. She leverages her extensive network and deep industry expertise to select and empower exponential technologies that will disrupt, transform, and impact industries.
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