John Coogan
๐ค SpeakerAppearances Over Time
Podcast Appearances
All showed strong growth.
and led to expectation-beating jobs growth.
This is the weird dynamic that you're seeing all of this growth in the AI economy, and yet the overall employment is still chugging along.
We can pull up the chart from the Wall Street Journal,
The U.S.
job market blew past expectations in April, buoyed by gains in industries, including retail, transportation, warehousing, healthcare.
Not completely unexpected, given that those are not particularly AI-targeted areas, whereas you might see the layoffs in the tech community, but it's just not enough because the U.S.
employs over 100 million people, and so a layoff of 4,000 people at some tech company just doesn't really move the needle when you're talking
What?
Why?
Why is it up so high?
Maybe they beat, yeah.
Everyone says this is a Kiriakou filter.
It really is.
No, no, it's quite popular.
Broken containment fully.
The American economy added 115,000 jobs in April.
This was down from a net gain of 185,000 jobs in March, but it was much better than what expectations were for April.
Analysts polled by the Wall Street Journal were expecting 55,000 jobs and the real number came in more than twice that, which is like, it just breaks the narrative a lot.
There is this disconnect between like the AI economy and the real economy.