Goldman Sachs reports AI impact on job markets

An analysis by Goldman Sachs indicates that artificial intelligence is transitioning from a technological promise to having measurable impacts on the labor market within major developed economies.

The report shows that pressures are not distributed evenly, concentrating primarily on specific sectors and entry-level employees. Since the second half of 2022, industries with high exposure to AI automation have generally shown weaker job creation. This trend is particularly noticeable in the United States, Germany, and Australia.

Employment in the information technology and telecommunications sectors has slowed in most major developed economies since 2022. However, outside of the United States, employment in these sectors remains near or above long-term trends, suggesting that AI has not yet caused a horizontal decline in jobs. Specific areas seeing significant pressure include call centers, software publishing, management consulting services, and advertising.