Beyond Markets The Week in Markets: Tangible evidence of AI’s role in workforce reductions
8 snips
Nov 10, 2025 Recent consumer sentiment surveys highlight rising recession fears, even as other data suggests economic health. Job cuts have surged, with many attributing them to AI's growing role, particularly in tech and warehousing sectors. While AI might shift job landscapes, it won't drastically impact all industries just yet. Political implications are discussed, especially how AI-driven changes could influence young voters. Additionally, the Magnificent Seven tech giants continue to outperform, raising questions about market concentration.
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Consumer Sentiment May Be Skewed
- The University of Michigan consumer sentiment hit near all-time lows amid political and shutdown-driven negativity.
- Mark Matthews warns survey pessimism may overstate economic weakness due to media and political bias.
Shutdown Amplifies Practical Economic Strain
- The US government shutdown is amplifying economic anxiety by hitting federal pay and services.
- Mark Matthews highlights risks to travel and services as unpaid essential workers reduce capacity ahead of Thanksgiving.
Labor Market Is The Primary Investor Concern
- Investor surveys show the top worry is a fast labor-market downturn that the Fed can't fix.
- Challenger's 153,000 October job cuts triggered recession fears in this data vacuum.