What to know about a better-than-expected jobs report amid AI bubble concerns
Employers added 165,000 new jobs in October, according to a new government report. Job gains for August and September were revised upward as well, by a combined 84,000 jobs. That makes the last three months of the job market look better than expected, but it comes as questions grow about the sustainability of the AI boom. Amna Nawaz speaks with Diane Swonk, chief economist for KPMG, for more.
A revised jobs report showed a stronger economy than expected, with employers adding 165,000 new positions in October. The revised numbers show job growth in August and September were higher than initially reported. However, questions are rising about the sustainability of the AI boom and its effect on the economy. Diane Swonk, chief economist for KPMG, discusses the implications of this employment data and the growing doubts around the artificial intelligence sector.
Written by urgent.news from PBS NewsHour's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
