AI Is Eating Office Jobs

Jack Bowman8.97K FollowersFollow5ShareSavePlay(7min)CommentsSummaryJanuary's jobs report exceeded expectations, but deeper data revisions and sector trends paint a mixed labor market outlook.White-collar job openings, especially in finance and information, have dropped to multi-decade lows as AI-driven automation accelerates.Private payroll data is rosier than government figures, yet recent ADP numbers show notable job losses in professional services and information.I expect continued labor market pain for knowledge workers, with automation benefiting corporate earnings but posing risks to unemployment rates. Viktoriya Telminova/iStock via Getty Images The last update for the labor market came last week with the January jobs report that “smashed expectations” but also came with deep revisions for the past year. It was a mixed bag, all told.This article was written byJack Bowman8.97K FollowersFollowNewsletter Author | Investment Advisor | Top 5% of Experts on TipRanks | Long Signal, Short Noise | The Macro Obsession newsletter is a weekly brief on current events and trends in finance, tech, and the real economy. I am a macro-oriented and data-driven investor who obsesses over connecting dots that others don't see (or want to see), expressing my views through concentrated, asymmetrical, and high-conviction positions. I manage risk with discipline, often reminding investors that position sizing is often more important than security selection. I'm on a quest to uncover narrative trends before mainstream financial media, a process I've been describing as the hunt for information alpha. "Successful investing requires holding uncomfortably idiosyncratic positions." — Howard Marks, paraphrasing David Swensen "History does not repeat, it instructs." — Timothy Snyder, On TyrannyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.