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. Those two megatrends feed into a slowing job market. Goldman Sachs Research expects US unemployment to rise over the next 12 months. In combination, these three forces will profoundly change how US companies recruit and retain talent in the near future. How AI ... (full story)