Add as a preferred source on GoogleZandi Estimates AI Supported 786,000 Net U.S. Jobs Since 2022
The estimate accounts for jobs lost to AI substitution. Consumer spending tied to AI-related stock gains was its largest positive contributor.
Mark Zandi, chief economist at Moody’s Analytics, estimates that artificial intelligence (AI) has supported 786,000 net U.S. jobs since ChatGPT launched in November 2022. The estimate accounts for jobs lost to AI substitution. The U.S. economy added 4.1 million jobs over the same period.
Consumer spending tied to gains in AI-related stocks was the largest positive contributor to Zandi’s estimate. Nonresidential construction and power and electrical equipment also contributed positively.
The estimate showed job losses in finance and accounting, media, advertising and design, call centers, and some technology services and software. The estimated employment change for computers and chips is close to zero, though its direction is unclear.