-
Barr: What Will Artificial Intelligence Mean for the Labor Market and the Economy?
Thank you for the invitation to speak to you today.1 Before I get into my main topic, I wanted to share my current views on the economy and monetary policy. Last week, we received the latest report on employment, and it provided further evidence that while the labor market slowed through last summer, it is now stabilizing. This stabilization is occurring with an unemployment rate that is broadly consistent with what many estimate is its long-run level, when the economy is in balance. That said, job creation has been near zero over the course of last year, as has labor force growth. With very low levels of job ... (full story)
Added at 11:50am
- Comments / Top
- Subscribe
OutThere
Feb 17, 2026 11:43pm
Permalink
OutThere
Feb 18, 2026 2:27am
Permalink
Schultz
Feb 18, 2026 1:37am
Permalink
Trader#8702
Feb 17, 2026 11:51am
Permalink
-
Related Stories
Iran’s Foreign Minister Araghchi: There is good progress on talks with the US *ARAGHCHI: REACHED GENERAL AGREEMENT ON SET OF PRINCIPLES - BBG *IRAN'S ARAGHCHI: HAD 'SERIOUS, CONSTRUCTIVE' TALKS WITH US *OIL PRICES QUICKLY FALL TO SESSION-LOWS, BRENT DOWN 1.9% IRAN'S FOREIGN MINISTER: IRAN AND US HAVE CLEARER PATH TO MOVE FORWARD IRAN'S FOREIGN MINISTER: DATE OF NEXT ROUND OF US TALKS NOT YET DECIDED ...
Estimates for payrolled employees in the UK fell by 121,000 (0.4%) between December 2024 and December 2025, and decreased by 6,000 (0.0%) between November 2025 and December 2025. This is based administrative data from HM Revenue and Customs (HMRC). When looking at October to December 2025, the period comparable with our Labour Force Survey (LFS) estimates, ...
Annual consumers price inflation was slightly above the Monetary Policy Committee’s 1 to 3 percent target band at the end of 2025. Increases in food and electricity prices and local council rates were the biggest contributors to above-target inflation. The economy is at an early stage in its recovery. With ongoing strength in commodity prices, economic activity in the agricultural sector and regional New Zealand remains strong. Although residential and business investment is increasing, households remain cautious in their spending. The labour market is stabilising, but unemployment remains elevated. House price growth remains weak, dampening household wealth and inclination to spend. In response to previous cuts in the OCR, economic growth is broadening across sectors of the economy, such as manufacturing, construction and some retail. Economic growth is expected to increase over 2026. Inflation is most likely returning to within the Committee’s 1 to 3 percent target band in the current quarter. The Committee is confident that inflatio The Monetary Policy Committee today agreed to keep the Official Cash Rate on hold at 2.25%. Inflation is expected to be back within our 1-3% target range in the first quarter of 2026. The economy is at an early stage of recovery, and growth is expected to increase over 2026. Any… pic.twitter.com/0RyKUNIFRZ RBNZ SAYS INFLATION IS LIKELY TO RETURN TO THE 1–3 PERCENT TARGET RANGE WITHIN THE CURRENT QUARTER. ... RBNZ says despite growth in residential and business investment, household spending continues to be cautious. RBNZ says as the recovery gains momentum and inflation moves steadily toward the midpoint of the target range, monetary policy will be normalized gradually.
