AI2026-07-22 09:00:13Market Panic Over AI Job Losses Overblown? Kobeissi Letter Argues for 'Abundance GDP'Anthropic's new tools wiped $800B from U.S. stocks, sparking fears of white-collar automation. The Kobeissi Letter counters that AI is commoditizing cognition, leading to an 'Abundance GDP' era, not economic collapse.1950
a16z2026-07-21 04:33:34a16z Says AI Is Lifting Software Hiring, While Markets Draw Sharper Lines Across Software StocksAndreessen Horowitz’s latest market note argues that the current reset in software is not a blanket collapse but a sorting process, with investors rewarding companies seen as having stronger AI defenses or tailwinds and punishing others. The piece says valuation multiples on next-twelve-month free cash flow for software companies have fallen to or below 2014 levels, reflecting skepticism about long-term durability rather than near-term results. The note also pushes back on the idea that AI is already destroying entry-level work. Citing data discussed in the report, software developer job postings have risen about 14.6% since the release of Claude Code, even as the broader market fell about 7%. It also points to Revelio, Ramp, ADP, OpenRouter, YipitData, PNC Bank, Indeed Hiring Lab, Lawrence Berkeley National Laboratory, The Brattle Group and EIA data to argue that cheaper intelligence is expanding demand, that firms with heavier AI adoption have seen stronger entry-level hiring trends, and that states adding more data center load have not necessarily seen higher electricity prices. Across software equities, labor, token consumption and energy, the article’s central claim is consistent: lower AI costs are broadening usage, and current labor-market data does not support the view that AI is making human workers obsolete.1520
Federal Reser2026-07-17 14:08:55Fed's Hammack says labor market is near full employment; core PCE nowcast at 3.3%Federal Reserve official Hammack said the labor market is close to full employment, according to a report cited by Jin10. The update also said the current nowcast for core Personal Consumption Expenditures, or core PCE, puts core inflation at 3.3%. The remarks point to a labor market that remains near the Fed’s employment objective, while the inflation reading referenced in the nowcast stays above that level. No additional policy guidance or timing details were included in the brief report. The cited figures were limited to the labor-market assessment and the 3.3% core PCE inflation nowcast.1810
Federal Reser2026-07-16 17:18:10Fed's Logan says labor market is well balanced and has strengthened slightlyFederal Reserve official Logan said the labor market is in good balance and has even strengthened slightly, according to a report cited by ChainCatcher from Jin10. The brief update was published under the policy and regulation category. No additional details were provided in the source text beyond Logan's remark on labor market conditions. The statement points to a labor market backdrop that Logan described as stable, with signs of modest improvement. ChainCatcher attributed the report to Jin10 in its newsflash item.1810
Federal Reser2026-07-16 02:03:42Fed Beige Book shows modest U.S. growth across 11 districts as inflation outlook splitsThe Federal Reserve’s latest Beige Book said U.S. economic activity improved modestly from late May through June, with 11 of 12 regional districts reporting some degree of growth and one, San Francisco, reporting no change. The report, based on information collected by the Fed’s 12 regional banks through July 6 and compiled by the Chicago Fed, pointed to a labor market that remained steady overall and prices that continued to rise at a moderate pace. Nine districts reported moderate price growth, two saw strong increases, and one logged slight growth. The Fed said all districts experienced price growth that was either unchanged or slower than in the prior reporting period. Business contacts cited both the Middle East conflict and tariffs as drivers of higher costs, while some districts also noted that customers had become more sensitive to price increases. The report also showed a split in views on inflation in the months ahead. Some contacts expect inflation to keep running at its current pace, while others see it easing, helped in part by lower fuel prices. Employment increased slightly to moderately in five districts and was little changed in seven, with wage gains generally modest. Several districts said competition for skilled technical workers was pushing up pay.1820
Federal Reser2026-07-15 12:42:53Fed's Williams Says Economic Growth Remains Solid and Labor Market StableFederal Reserve official Williams said economic growth remains solid and in line with trend, while the labor market is also holding steady, according to a report cited by Jinshi. The update was carried by ChainCatcher under its policy and regulation coverage. The statement focused on the broader state of the economy and employment conditions, with no additional policy details included in the brief. The report presented Williams' remarks as a concise macroeconomic assessment, pointing to stable growth and a firm labor market backdrop. No further context or supporting data was provided in the original newsflash.1790
Federal Reser2026-07-13 16:30:42Fed Governor Waller says labor market is stable and near maximum employment goalFederal Reserve Governor Christopher Waller said the labor market is stable and close to the central bank’s maximum employment goal, according to a brief report cited by ChainCatcher from Jin10. The update did not include additional comments, policy guidance, or further economic details. The remark centers on one of the Fed’s dual-mandate objectives, employment, and reflects Waller’s view of current labor market conditions as described in the source item. No extra context on timing, inflation, or interest rates was provided in the original brief.1720
AI layoffs2026-07-08 23:10:14AI-Driven Layoffs Surpass 90,000 Since 2025: Politicians Urged to ActAI replacement of human workers is accelerating. Over 90,000 people have been laid off due to AI since 2025, per The Alliance for Secure AI. CEO calls for political action; MIT predicts 11% US jobs at risk.460