What if AI is actually creating more jobs than it is replacing?
The latest JOLTs data showed that US job openings surged by a massive 731,000 jobs in April.
Markets were expecting no change, resulting in the largest beat in JOLTs history.
As a result, available employment hit 7.6 million for the month, the highest since May 2024.
And, job openings in the professional and business services sector surged by a massive 668,000.
The labor market's bull case from AI is underpriced.
@Rick_Ferri@MalarkyFreeZone Yes they get a step up but what’s wrong with putting a portion into an SMA to minimize future taxes? Unless I’m reading this incorrectly