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The US labor market is being shaped by three intersecting trends: two of them long-term and the third cyclical. Generative artificial intelligence is poised to automate nearly a quarter of jobs across all industries. The effects of AI will be felt on a workforce that is already “fractionalized,” in which part-time roles supplement or replace full-time ones. ...
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The U.S. Census Bureau announced the following international trade, wholesale inventories, and retail inventories advance statistics for March 2024: tables The international trade deficit was $91.8 billion in March, up $1.5 billion from $90.3 billion in February. Exports of goods for March were $169.2 billion, $6.1 billion less than February exports. ...