By — Solveig Rennan Sandbulte Solveig Rennan Sandbulte Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/what-to-know-about-a-better-than-expected-jobs-report-amid-ai-bubble-concerns Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Audio Employers added 165,000 new jobs in October, according to a new government report. Job gains for August and September were revised upward as well, by a combined 84,000 jobs. That makes the last three months of the job market look better than expected, but it comes as questions grow about the sustainability of the AI boom. Amna Nawaz speaks with Diane Swonk, chief economist for KPMG, for more. Listen to this Segment By — Solveig Rennan Sandbulte Solveig Rennan Sandbulte Solveig Rennan Sandbulte is a producer of national affairs for PBS News Hour and Horizons.
What to know about a better-than-expected jobs report amid AI bubble concerns
In short
Employers added 165,000 new jobs in October, providing fresh evidence of labor market strength despite concerns over the sustainability of the artificial intelligence boom. Combined upward revisions for August and September added another 84,000 positions to previous estimates. PBS News Hour anchor Amna Nawaz analyzed the implications of the better-than-expected findings alongside Diane Swonk, the chief economist for KPMG.
Key points
- The national labor market performed better over the past three months than anticipated.: The national labor market performed better over the past three months than anticipated.
- Robust employment gains materialized alongside ongoing concerns regarding an artificial i…: Robust employment gains materialized alongside ongoing concerns regarding an artificial intelligence bubble.
- Upward revisions from late summer demonstrate that hiring conditions remained resilient i…: Upward revisions from late summer demonstrate that hiring conditions remained resilient into the autumn.