AI Shifting Areas of Employment in U.S. Economy

Jordan Shapiro joins Diane King Hall to assess the state of the U.S. labor market. In the wake of a delayed January jobs report, Jordan delves a "little deeper" into the data that was reported, including the Challenger-Job cuts hitting the highest levels since 2009. He points to companies' leveraging technology, ways to streamline productivity and shifting areas of employment within their organizations. Jordan says employees are "more hesitant" to look for jobs now citing a "low hire, low fire" environment. He adds that some cuts at bigger companies could be a response to "over-hiring" in the post-pandemic spree to attain talent.

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