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The Federal Reserve's own business contacts in five of its twelve Districts now say AI is letting firms skip hiring, and the jobs that vanish first are the entry level ones.
The Fed Says AI Is Quietly Shrinking Hiring in Five of Twelve Districts, October 16, 2026
The Federal Reserve's October Beige Book reports that firms in five of its twelve Districts have trimmed staff through attrition, delayed hiring, or expect fewer new jobs after AI productivity gains. Brian and Jessica unpack what the Fed's contacts in Chicago, Cleveland, Dallas and Minneapolis actually said, why the quiet loss of entry level roles is so hard for official data to catch, and why Fed Governor Lisa Cook warns the central bank has limited tools if AI drives a skills mismatch.
Hosted by Brian and Jessica.
The DX Today Podcast brings you daily deep dives into the most consequential stories in the AI ecosystem.
