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The Latest Breaking News from Martha Gimbel

America’s job market has a surprising problem: Nobody’s hiring, nobody’s firing

While unemployment is projected to hold steady at a low 4.3% in May, according to FactSet, the pace of job creation remains significantly slower than the boom experienced in the wake of pandemic lockdowns

The Independent UK

AI could solve America's $39 trillion debt crisis—but only if Washington abandons displaced workers, Yale Budget Lab warns

A Yale Budget Lab report suggests AI-driven productivity gains could reverse the national debt's upward trajectory. But what about the workers?

Fortune

Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns

"The more we make ourselves less attractive to markets, the more likely it is that you will have a fiscal crisis."

Fortune

Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.

Fortune

US companies accused of ‘AI washing’ in citing artificial intelligence for job losses

While AI is having an impact on the workplace, experts suggest tariffs, overhiring during the pandemic and simply maximising profits may be bigger factors

The Guardian - US

If AI is roiling the job market, the data isn’t showing it, Yale Budget Lab report says, raising questions of ‘AI-washing’ to justify mass layoffs

Some analysts have projected AI will displace 7% of U.S. workers. Yale economists said it’s just too early to tell.

Fortune

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The Gen Z hiring nightmare is real, but AI is a ‘lightning strike’ not a ‘house fire,’ Yale economist says

Stanford made waves with a paper saying AI is having a “significant” impact on entry-level jobs. Not so fast, Yale’s Martha Gimbel told Fortune.

Fortune

Trump’s Big Beautiful Bill edges closer to passing. Here’s what it says, and what it means for you

The bill looks to slash taxes and increase spending on oil drilling, the military, and immigration, while also making cuts to Medicaid and food assistance programs

The Independent UK

As Musk steps back, experts say Doge cuts have harmed government services

The billionaire fired thousands of workers, but savings are minimal and offset by degradation of services, critics say

The Guardian - US

Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumers

The Guardian - UK

Anger, chaos and confusion take hold as federal workers face mass layoffs

Federal workers were responding with anger and confusion Friday as they grappled with the Trump administration’s latest effort to shrink the size of the federal workforce by ordering agencies to lay off probationary employees who have yet to qualify for civil service protections

The Independent UK

How the pill smashed early marriage and boosted women’s rise up the corporate ladder — but still wasn’t enough to make women’s pay equal to men’s

Research by Nobel laureate Claudia Goldin unearths the myriad factors behind the gender pay gap.

People

Sebastian Siemiatkowski

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