Will what worked for AI coding be able to scale to Finance, Law and other knowledge work professions?

This is going to be a long report with a lot of infographics and context.

Analyzing Friday jobs data, nonfarm payrolls fell by 92,000 in February, according to the Bureau of Labor Statistics, far below consensus expectations of roughly 50,000. It was the third time in five months that the economy lost jobs in the U.S. Outside of Healthcare jobs, there’s really not much growth at all with low hiring. We are in a “jobless” growth economy, with K-shaped characteristics.

With the U.S. putting the breaks on immigration and Tech companies doing agentic AI pilots, more layoffs in the Tech sector are highly likely. Oracle needs to shed at least 30,000 jobs due to the debt they have taken on for OpenAI’s compute facilities. Even as OpenAI’s Stargate facility won’t be expanding any time soon.

A Low Hire Economy with Grave Consumer sentiment

• Hiring is down 20% lower compared to the pre-pandemic baseline of 2019 according to Karin Kimbrough of LinkedIn, their head economist.
• People are staying unemployed for 7 months on average.