Goldman finds statistically significant negative link between AI adoption and US employment growth

ben_j_todd · x · 2026-10-27

Goldman Sachs analysts see clearer signs that AI's impact is spreading beyond the tech sector: the share of US firms that have adopted AI in regular business functions now shows a statistically significant negative correlation with employment growth.

The note circulated widely, with figures like Ben Todd keen to see how economists interpret it — one of the first macro-level statistical signals that AI adoption may be dampening hiring even as the industry debates whether AI is a bubble.

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