Comment by rurp
3 days ago
There have been a lot of headlines the past couple years about companies stating they are doing layoffs or slowing hiring because of AI. I would bet the average adult pays way more attention to news headlines than FRED reports.
I also don't see why everyone would dismiss the statements of large company CEOs about why they are making hiring/firing decisions, regardless of what some statistics say.
Because the messaging of the CEOs is intentional, to both do 'damage control' and influence stock price / valuation. It's not neutral messaging.
Yet, that is what the markets are operating on.
Dismissing their words, just brings us back to the issue of what is really going on.
And lest it is forgotten - AI is a huge part of the US economy at this point. It is highly dependent on firms spending tokens.
Saying it’s just CEO market speak means we have an AI bubble that is more worrisome.