jobs

Goldman Sachs CEO Solomon wrote in The New York Times that the market's concerns about AI triggering a "massive wave of unemployment" are exaggerated. The U.S. economy will continue to create more new jobs through technological transformation, just as it did during the past industrial revolution and the internet era. Solomon stated that Goldman Sachs expects AI or automation to affect about 25% of existing work hours over the next decade, with significant impacts on white-collar sectors such as banking, accounting, and law. Research from Stanford shows that entry-level positions in highly automated roles like software engineering and customer service have declined by 16% compared to less automated industries.However, he pointed out that AI is also creating new job demands. For example, since 2022, the construction of data centers in the U.S. has generated over 200,000 construction jobs. Goldman Sachs itself may reduce some compliance and account opening positions but will increase hiring for client-facing roles in banking, trading, and asset management. Solomon believes that AI is more likely to enhance productivity rather than directly eliminate 25% of jobs. He stated, "Technological advancement and cultural change do not occur simultaneously; being replaceable does not mean one will necessarily be replaced." He also called for the government and businesses to jointly promote large-scale job retraining to address the structural changes in the workforce brought about by AI.

According to Jinshi reports, the number of private non-farm jobs in the U.S. for March was 186,000, far exceeding the market expectation of 70,000. The previous value was revised from -86,000 to -129,000.

According to data from the Federal Reserve Bank of St. Louis for February, job vacancies in the U.S. financial and insurance sector fell to a 13-year low of 134,000 by the end of 2025, a 75% drop from the peak in 2022, and even lower than the bottom during the 2001 recession. Market commentary agency The Kobeissi Letter warned that the industry may be preparing for more layoffs.Meanwhile, the U.S. Bureau of Labor Statistics reported an unexpected decrease of 92,000 jobs in February, but the financial activities sector saw a net increase of 10,000 positions, becoming one of the few bright spots. The information sector, transportation and warehousing, and the federal government each saw a reduction of about 11,000 to 10,000 jobs.Analysts stated that a weakening job market could increase the probability of the Federal Reserve cutting interest rates, potentially benefiting the cryptocurrency market, but the market's fragility may also trigger investors to shift to risk-averse strategies.

At the Gate annual gala, Gate founder and CEO Dr. Han stated that as AI deeply integrates into production processes, the global work landscape is undergoing dramatic changes; the combination of AI and Web3 is not merely a functional overlay, but a systematic reconstruction of financial infrastructure and value distribution methods.Dr. Han pointed out that up to 90% of traditional job capability models will face the risk of being restructured or eliminated in the future. According to the report "The Tech Job Market in 2025/2026" published by Ravio, the hiring rate for entry-level positions (P1/P2) has decreased by approximately 73% year-on-year, with declines in marketing, engineering research and development, and product design roles exceeding 69%. Dr. Han emphasized that efficiency and speed are becoming core competitive advantages, and companies must fully embrace AI to reshape product forms and user experiences.Dr. Han stressed that the core value of TradFi lies in bridging the gap between on-chain assets and real-world finance, which not only enhances the stability and efficiency of asset connections but also becomes a key entry point for value to transition from the digital world to the real world. The dual drive of AI and TradFi marks a significant leap of Web3 towards intelligent and tangible finance.

According to Jinshi reports, Federal Reserve Governor Mulan stated that it may be possible to add about 1 million jobs without triggering inflation.

Ark Invest founder Cathie Wood stated, "AI will create jobs, not take them away. AI will not kill jobs; it simply significantly lowers the cost of starting a business. Learning AI and 'intuitive coding' may be the fastest way to achieve entrepreneurial dreams."

According to Jinshi News, "Fed mouthpiece" Nick Timiraos stated that as of November, the private sector's employment increased by an average of 44,000 people over the past six months, remaining at the level of October. This is the slowest hiring pace during the post-pandemic reopening period. Meanwhile, the unemployment rate rose to 4.573% in November, an increase of 13 basis points from September's 4.44%. Powell stated last week that the Fed believes its policy setting will stabilize the unemployment rate, or "will only rise by 0.1 or 0.2 percentage points."

According to Jinshi reports, Federal Reserve Chairman Powell stated that we expect a monthly decrease of 20,000 jobs.

According to Jinshi reports, Federal Reserve's Goolsbee stated that the number of new jobs has significantly slowed down.

According to Jinshi, the U.S. non-farm payrolls for August recorded negative growth, with the number of new jobs revised down to -4,000.

According to Coindesk, U.S. Department of Justice prosecutors and investigators have seized an additional $15 million worth of USDT in their ongoing pursuit of North Korean criminals, with five defendants pleading guilty.According to court documents related to the plea agreements, intermediaries from the U.S. and Ukraine assisted North Korean personnel in obtaining remote IT jobs at U.S. companies. These intermediaries provided their own false identities or stolen identity information and placed laptops provided by victim companies at residences across the U.S. to create the illusion that IT personnel were working domestically. The fraudulent employment schemes of these defendants affected over 136 U.S. victim companies, generating more than $2.2 million in revenue for the North Korean regime and leading to the compromise of the personal information of over 18 Americans.Additionally, a North Korean military hacker group known as "Advanced Persistent Threat 38" (APT38) carried out millions of dollars in cryptocurrency thefts on four overseas virtual currency platforms in 2023. While APT38 members continued to launder money, the U.S. government froze and seized over $15 million worth of cryptocurrency and is currently seeking to forfeit these assets to ultimately return them to their rightful owners. North Korea has used these two schemes to raise funds for its weapons and other priorities, in violation of sanctions.

According to Jinshi reports, employment data company ADP estimates that the private sector lost 11,250 jobs per week in the four weeks ending October 25. This is the latest data in ADP's weekly series, aimed at more closely replicating the non-farm payroll report.After the data was released, the US dollar index DXY briefly plunged, non-US currencies collectively rose, and spot gold edged higher.

According to Jinshi reports, Fed's Daly stated that the weakness in the labor market is intensifying. She pointed out that it would be unfortunate to lower the inflation rate to 2% at the cost of millions of jobs.

ChainCatcher news, Morgan Stanley's latest report states that AI technology is expected to bring a market value increase of $13-16 trillion to the S&P 500 index, with a maximum increase of 29%. Autonomous decision-making AI and humanoid robots will drive productivity improvements and may affect 90% of existing jobs, prompting workforce skill upgrades or transitions. Industries such as consumer goods, retail, real estate, and transportation are expected to benefit the most.

ChainCatcher news, according to Axios, U.S. President Trump stated that he will fire the head of the Bureau of Labor Statistics (BLS) due to the independent government agency's release of weak employment data for July and the downward revision of the previous month's data.The Bureau of Labor Statistics confirmed that Director Erika McEntarfer was "fired" on Friday, and long-time BLS official William Wiatrowski was appointed as acting director. Trump stated on Truth Social that this "Biden political appointee" would be replaced by someone "more capable and qualified," and unfoundedly accused McEntarfer of distorting data for political purposes.The Bureau of Labor Statistics report showed that the U.S. added only 73,000 jobs in July and significantly revised down the employment growth estimates for May and June. Former BLS Director William Beach stated that firing McEntarfer "sets a dangerous precedent that undermines the statistical mission of the Bureau of Labor Statistics."

ChainCatcher News, former President Trump posted again on Truth Social regarding tariff policies, stating: "The impact of reciprocal tariff policies on our opponents is much more severe than on the United States. Many countries' countermeasures against us are harsh and unsustainable. We used to be the foolish and helpless 'punching bag,' but that is no longer the case. We are bringing back jobs and businesses at an unprecedented pace. There has already been over five trillion dollars in investments, and it is rapidly increasing! This is an economic revolution, and we will win. Hang in there, it won't be easy, but the final result will go down in history. We will make America great again!!"

ChainCatcher News, former President Donald Trump stated on March 6 local time that he has instructed cabinet ministers and leadership to work with the Department of Government Efficiency on cost-cutting and staffing, in order to "very accurately determine who will stay or leave." Tesla CEO Elon Musk currently leads the Department of Government Efficiency.Trump also added, "It is very important to reduce the number of personnel to the appropriate level, but it is also important to retain the best and most efficient people."

ChainCatcher news, according to Jin Shi reports, the number of initial jobless claims in the United States increased moderately last week, indicating that the fundamentals of the labor market remain solid. In recent days, Elon Musk's government efficiency department has laid off thousands of federal employees. The unemployment claims of these laid-off workers were submitted separately under the Federal Employee Unemployment Compensation (UCFE) program, with data reported one week behind.The White House aims to cut about 2.3 million federal government workers, excluding the military and the post office. The unemployment rate remains at historically low levels, but this situation may change as workers who rely on federal contracts or funding lose their jobs. Federal government layoffs, hiring freezes, and budget cuts are expected to have a ripple effect on local economies, particularly in Washington D.C. and the neighboring states of Virginia and Maryland, and trigger layoffs in the private sector.

ChainCatcher news, according to TheMinerMag, a recent report released by the Perryman Group shows that Bitcoin mining has created over 31,000 jobs for the U.S. economy, generating more than $4.1 billion in total output annually. The U.S. accounts for about 40% of the global Bitcoin hash rate.The report emphasizes that Texas is the biggest beneficiary of Bitcoin mining, with estimated annual economic activity of $1.7 billion, creating over 12,200 jobs. Georgia has an annual total output of $316.8 million, while New York contributes $225.9 million.It is reported that the report was commissioned by the industry nonprofit Texas Blockchain Council and the Digital Chamber of Commerce.

ChainCatcher news, according to Cointelegraph, based on a study conducted by the Perryman Group and released by the Texas Blockchain Council and the Digital Chamber of Commerce, the Bitcoin mining industry, despite being an emerging field, has already created over 31,000 jobs in the United States directly through mining operations and indirectly through supporting industries.Twelve states in the U.S. account for most of the nation's Bitcoin mining activity, with Texas standing out, having created over 12,200 jobs directly through Bitcoin mining and related supporting industries.In addition, mining activities contribute over $4.1 billion to the U.S. GDP each year and effectively support the stable operation of local energy infrastructure by serving as a grid load balancing resource.