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Over 200 economists and AI researchers signed an open letter Monday warning that artificial intelligence could trigger massive job displacement and economic transformation larger than the Industrial Revolution.
President Trump oversaw Kevin Warsh’s swearing-in as Federal Reserve chair at the White House on Friday, saying he wanted the central bank to remain independent while hoping Warsh would help stimulate economic growth.
The US economy added 272,000 jobs in May, significantly exceeding economist expectations of 190,000, though unemployment ticked up to 4% as the labor market demonstrated continued strength.
The US labor market added 227,000 jobs in November, with healthcare and leisure-hospitality leading gains. The unemployment rate rose to 4.2% as the Federal Reserve prepares for another interest rate cut.
The US economy added 143,000 jobs in January while the unemployment rate held steady at 4%, showing moderate growth during the presidential transition period.
US employers added 151,000 jobs in February as the unemployment rate held steady at 4.1%, though federal job losses and policy uncertainty cloud the economic outlook.
