BusinessEconomy and Trading

Economic Analysts Warn of Prolonged “Jobless Growth” Era Fueled by AI Investments

Financial analysts are warning that robust economic growth fueled by artificial intelligence investments isn’t translating into corresponding job creation. New data suggests entry-level positions are particularly affected, potentially creating future talent pipeline problems.

Economic Shift Toward AI-Driven Growth

America is entering a period of “jobless growth,” according to analysts at Goldman Sachs, where economic expansion continues without corresponding increases in employment. The phenomenon, detailed in a memo from economists David Mericle and Pierfrancesco Mei, suggests that current market conditions featuring modest job growth alongside robust GDP growth represent a new normal for the U.S. economy.

BusinessPolicy

Apple Receives Chinese Government Backing Amid US-China Manufacturing Balancing Act

Apple CEO Tim Cook’s China visit resulted in strengthened government support for continued operations. The tech giant faces complex challenges balancing US manufacturing commitments with Chinese supply chain advantages as geopolitical tensions escalate.

Chinese Government Endorses Apple’s Continued Presence

Apple’s operations in China have reportedly received significant governmental support following CEO Tim Cook‘s recent high-level meetings. According to reports from Global Times, Cook met with Chinese Minister of Industry and Information Technology Li Lecheng, where both parties committed to deepening cooperation and increasing investments. Analysts suggest this meeting effectively resolves previous regulatory hurdles that had impacted product launches, including the eSIM-only iPhone model.