Federal Reserve Chairman Powell says artificial intelligence may be a worker in unemployment rates

The Federal Reserve decided to reduce interest rates on Wednesday, noting that the labor market is weak as a reason.

Delay Junction Report It showed that American employers added only 22,000 jobs in August, a decrease from 79,000 in July, indicating a significant slowdown in employment. This has been the worst report in August since the epidemic and the relevant Federal Reserve.

At a press conference on Wednesday, Federal Reserve Chairman Jerome Powell was asked whether he believed artificial intelligence has any impact on this trend. Powell said that although there is still a great lack of this link, he believes it is “perhaps a factor”, especially when it comes to young graduates who face huge unemployment rates.

“The companies or other institutions that were hiring young people outside the college may be able to use artificial intelligence more than they were in the past, and this may be part of the story,” Powell said.

The Federal Reserve in New York issued a report earlier this year saying that the labor market from 22 to 27 years “has declined significantly in the first quarter of 2025.”

The relationship between employment and AI is not surprising if you are a follow -up with the news and the evidence of countless stories (and now that depends on data), but it is worthy acceptable from the head of the most powerful economic establishment in the country.

A Stanford Study From August, it was found that the workers early 22 to 25 in the most exposed to the AI ​​witnessed a more relative decrease in employment than other groups.

Executive officials were open to their desire to slow the employment in favor of automating tasks with artificial intelligence. Ford CEO Jim Farley made one of the narrowest allegations about it earlier this summer when he predicted that artificial intelligence would replace “half of all white collar workers in the United States”

Earlier this year, the CEO of Shopify Tobias Lütke, the employees of the recruitment, told them that they should explain the reason why artificial intelligence was unable to do the mission before they could employ human workers for that. Obstest artificial intelligence is especially good in the basic tasks that, for example, is expected to complete graduates as a factor for beginners.

The latest addition to the list of the pro -AI’s work companies came on Wednesday, when an independent market via the Internet Fever She announced that it was about 250 full -time employees to become “Amnesty International”.

“There is a real fear that I will have a full group, those who have come out during the early transition of artificial intelligence, they may be a kind of missing generation, unless it adapts the standards of politics, education and employment.” July. “I am not very optimistic about those modifications that make the scale they need.”

Any data clearly shows a link between artificial intelligence and slowdown in employment will be the first step to address concerns. Earlier this month, a group of more than 40 senior economists signed Open message To Labor Minister Lori Chavez-Sakerid to make data on the impact of artificial intelligence on the labor markets “a top priority”.

The Federal Reserve was running its own research On the effect of artificial intelligence on work, but Powell Tell the legislators In June, while appearing before the Senate Banking Committee, the Federal Reserve did not have the tools necessary to address “social and labor market issues that will arise” from artificial intelligence.