Has AI impacted the labor market yet?
Brynjolfsson et al. (ADP payroll): 13% fall in junior employment in high-exposure roles by July 2025; dashboard shows 19% below trend by June 2026, roughly halving with education controls.
19%employment of 22-25-year-olds in high-exposure US roles below trend by June 2026 (Canaries dashboard, descriptive)