Global economic unpredictability and looming AI disruption are prompting many workers to delay skill development and remain in holding patterns. U.S. job creation has slowed sharply, with recent months showing the weakest non-pandemic growth since 2010. New York City added just 965 private-sector jobs in the first half of the year, an unusually low level outside recession. White-collar employment has softened, and hiring in professional and business services has declined after earlier surges. Workers report heightened job anxiety and fear of AI-driven displacement. Sector contractions and federal layoffs are intensifying competition for scarce roles, increasing employer leverage over benefits and return-to-office policies.
"A sense of global events as unpredictable and unprecedented, combined with looming AI disruption, is making workers increasingly unsure-which can lead them to stay in holding patterns, rather than developing their skills and careers," Matt Bohn, a senior client partner at the consulting firm, says in the piece. Where it stands: The job market isin bad shape. The past three months saw the weakest job creation in the U.S., outside of the pandemic, since 2010 in the wake of the global financial crisis.
Stunning stat: Just 965 private-sector jobs were created in New York City in the first half of the year, the slowest job growth outside a recession in decades, The New York Times reports. Zoom in: The white-collar employment picture is particularly bleak. Employment in professional and business services has steadily declined this year, after surging in the post-pandemic era. Employees are reporting high levels of job anxiety. There's also increasing fear that AI will come for their jobs.
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