Employment data shows no trace of COVID or AI, economist Jason Furman finds
soumitrashukla9 · x · 2026-10-06
Harvard economist Jason Furman notes US labor market data shows no visible impact from COVID or AI: the employment rate fell from 61.0% in 2019-Q4 to 59.1% in 2026-Q3 — slightly more than aging alone explains, slightly less than CBO expected. AI's labor effects have yet to appear in macro data.
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