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Labor Studies from Goldman Sachs and New York Fed: AI Slows Junior Hiring while Mass Layoffs Fail to Materialize

New reports from Goldman Sachs and the New York Fed reveal that generative AI causes minimal job losses, but it is substantially narrowing entry points for junior professionals.

This article was AI-generated and published automatically. Context, labelling and all sources at the end of the article.

(KI-generiertes Symbolbild: Gemini / AI Connect)

Several macroeconomic and business surveys published in early September 2026 present a nuanced picture of artificial intelligence in corporate workplaces. Defying widespread predictions of immediate mass unemployment, aggregated research from Goldman Sachs Research and the Federal Reserve Bank of New York demonstrates that aggregate layoffs remain statistically negligible. Instead, employers are turning to internal upskilling, while entry barriers for junior talent are rising visibly.

In their report released on September 3, 2026, Sarah Dong and Joseph Briggs of Goldman Sachs Research examined eleven international surveys covering more than 800 occupations benchmarked against OECD data. They found that commercial AI adoption in developed economies such as the United States, the United Kingdom, France and the Netherlands sits between 15 and 20 percent, compared to 10 to 15 percent in major emerging markets. At the macro level, a ten percent increase in AI exposure slows annual employment growth by just 0.1 percentage points across the United States, Canada and France.

However, the Goldman Sachs study identifies clear headwinds in recruitment. Across industries with high exposure to routine automation, including information technology, customer support, advertising and standardized software engineering, the growth of new job openings has slowed noticeably since the second half of 2022. This hiring drag disproportionately impacts junior professionals and entry-level positions, with the strongest deceleration observed in the United States, Germany and Australia.

A concurrent regional survey by the Federal Reserve Bank of New York, conducted by Jaison R. Abel, Richard Deitz, Natalia Emanuel and Nick Montalbano, highlights similar dynamics on the ground. Among service firms in New York and Northern New Jersey, AI adoption surged to 61 percent, up from 40 percent in 2025 and 25 percent in 2024. In the manufacturing sector, adoption reached 51 percent, up from 26 percent in 2025 and 16 percent in 2024.

Despite this rapid diffusion, workforce reductions remain rare. Instead, 34 percent of surveyed service firms and 22 percent of industrial manufacturers are actively retraining their existing employees. Training programs primarily address prompting, software literacy and everyday task efficiency rather than the creation of entirely new job titles. Furthermore, dedicated AI budgets continue to represent a modest fraction of overall corporate operating expenditures.

Viewed collectively, these findings indicate that generative AI is transforming job tasks rather than destroying positions outright. Employers are utilizing modern tools to augment incumbent workers and increase productivity. For recent graduates and career starters, however, conditions are tightening, as algorithmic tools increasingly absorb the entry-level workloads that previously served as practical training grounds.

What this means for you

For established professionals, the data indicates sustained job security paired with an ongoing requirement to acquire tool fluency. For entry-level applicants, standard routine skills are no longer sufficient to secure a role, as organizations rely on automated assistants to handle introductory workloads.

Perspectives

Coverage: 3× Other

One story, several angles: how each source frames the topic, each with a verbatim quote.

  • goldmansachs.comOther

    Goldman Sachs emphasizes that AI primarily dampens the hiring of junior workers and slows job opening growth in highly exposed sectors, while economy-wide employment effects remain limited so far.

    Original quote

    Junior workers may face stronger headwinds to hiring due to AI adoption.

    goldmansachs.com
  • libertystreeteconomics.newyorkfed.orgOther

    The Federal Reserve Bank of New York focuses on the stance that businesses are adopting AI to transform work rather than cut jobs.

    Original quote

    Businesses Are Using AI to Transform Work, Not Cut Jobs

    libertystreeteconomics.newyorkfed.org

Source classification is maintained editorially (political spectrum only where consensus is broad; vendor communication is PR, not journalism). Unlabelled sources are unclassified: we do not guess.

Evidence

Solidly sourced
62/100
  • According to Goldman Sachs, enterprise AI adoption in developed markets stands at 15 to 20 percent, with a 10 percent exposure increase slowing annual headcount growth by merely 0.1 percentage points.

    single source
  • The Goldman Sachs study finds that vacancy growth in sectors such as software development, advertising and customer service has slowed markedly since late 2022, hitting junior candidates hardest in the US, Germany and Australia.

    single source

The evidence score is computed, not hand-set: from confidence, the number of sources and the share of verified statements.

Source & transparency

As of: September 03, 2026

AI-generatedAI-generated: produced automatically from vetted sources with technical quality checks (source, quote and figure verification); no human sign-off of each item before publication

Sources
3
Verified statements
0 / 2
Evidence score
62Solidly sourced

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