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Economy

144 texts · 5/8
AI Job Fears Persist as Data Show Hiring Slowdown Is Broad, Not Entry-Level

AI Job Fears Persist as Data Show Hiring Slowdown Is Broad, Not Entry-Level

The Federal Reserve Bank of New York says artificial intelligence is not the main driver of the US hiring slowdown. Its research lands as recruiters plan more AI screening and blue-collar data center work surges. Neither story fits the simple narrative of an AI jobs apocalypse.

Economy28 September 20264 min readSources 4
AI job fears vs. data: what the newest research actually says

AI job fears vs. data: what the newest research actually says

The newest US labour data on AI and jobs landed on 25 September, and it complicates the story: the New York Fed says AI is not the main driver of the hiring slowdown, while employer surveys point to retraining rather than cuts.

Economy28 September 20264 min readSources 5

Latest

12 texts
Trump finalizes fuel economy rollback as EU energy costs keep climbing

Trump finalizes fuel economy rollback as EU energy costs keep climbing

The US Department of Transportation finalized new fuel economy standards on 28 September. Officials at the Department of Energy say the move will raise US petrol prices by 76 cents a gallon and total fuel use by 44%. In the same week, European regulators opened infringement cases against 18 member states over energy sharing rules.

Economy28 September 20264 min read
Energy prices squeeze European industry as datacenters push up US power costs

Energy prices squeeze European industry as datacenters push up US power costs

Wholesale power in America's largest grid jumped 75.5 percent in a year, while in Europe Playmobil has ended figure production in Germany and heat pump sales rose 17 percent as households flee gas.

Economy28 September 20264 min read
Pew finds Democrats now more worried than Republicans about AI and jobs

Pew finds Democrats now more worried than Republicans about AI and jobs

For the first time, Democrats are more likely than Republicans to say they are more concerned than excited about AI's growing role in daily life, 56% to 49%, according to a Pew Research Center survey of 3,488 U.S. adults.

Economy28 September 20263 min read
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AI Is Splitting the Labour Market in Two, and the Data Shows Both Halves

The US economy shed 23,000 jobs in July, the Bureau of Labor Statistics said on 7 August, the first monthly decline since February. In the same period, data centre construction pushed welder and pipefitter postings up 164% year over year.

Economy28 September 20265 min read
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Grid Electrification Money Splits Three Ways: Zhejiang Batteries, Nevada Trucks, US Cables

China's Zhejiang province will let independent grid-side batteries trade in its electricity spot market from 1 January 2027, under a notice published on 23 September that covers 40 projects totalling 2.54 GW/5.1 GWh.

Economy28 September 20266 min read
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Austria Opens Peer-to-Peer Electricity Sharing on Oct. 5 as Grid Rules Lag

Austria will let households and businesses share self-generated electricity from Oct. 5, but reduced grid charges for those arrangements will not take effect until Jan. 1, 2027, according to pv magazine.

Economy28 September 20263 min read
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Electric truck maths, fusion permits and China's cheap EVs: the grid bill comes due

Electric trucks already cost less to run than diesel in six of nine major EU markets, which together account for 46% of new heavy truck sales, according to a Transport & Environment analysis published on 28 September.

Economy28 September 20267 min read
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High energy prices push Europe's industry out of Europe, one plant at a time

Playmobil's Dietenhofen plant in Bavaria, where the plastic figures have been made for decades, ran its final shift in June, with around 350 jobs lost. The company cited high energy prices first among the reasons, and it is not alone.

Economy28 September 20264 min read
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Energy prices squeeze European industry: Playmobil exits Germany, heat pump sales jump

Playmobil has ended figure production at its Dietenhofen plant in Bavaria, putting around 350 jobs at risk, as high energy prices push manufacturing out of Germany. In the same quarter, heat pump sales across 11 European countries rose 17 percent year on year.

Economy28 September 20267 min read
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Brussels opens infringement cases against 18 states over energy sharing rules

The European Commission sent letters of formal notice to 18 EU member states on 28 September for failing to report full transposition of the energy-sharing provisions in the bloc's electricity market reform, pv magazine reported.

Economy28 September 20264 min read
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Volvo's Electric Trucks Win 2027 Title as Grid Spending Lags Behind

Volvo Trucks' new heavy-duty electric range was named International Truck of the Year 2027 at IAA Transportation on 27 September. The same week, a $1.9 billion US grid grant programme and a Chinese storage market reform showed how unevenly the infrastructure behind electrification is being built.

Economy28 September 20266 min read
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Europe's energy bill: what the price of power is doing to industry

Wholesale power costs in the largest US market rose 75.5 percent year on year in the first quarter. Europe's manufacturers are cutting production for the same reason: the price of energy has stopped being a line item and become a location decision.

Economy28 September 20265 min read