The United States labor market presented a perplexing picture in July 2026, with nonfarm payrolls unexpectedly declining while the unemployment rate simultaneously fell. This dichotomy has left investors and economists…
For over two decades, the digital economy has thrived by monetizing user attention and social interactions. Now, artificial intelligence, particularly large language models (LLMs), is poised to extract value from…
The United States economy experienced a surprising contraction in job creation during July, with nonfarm payrolls unexpectedly declining for the first time in months. This development, coupled with a slight…
By Carl Benedikt Frey, August 12, 2026 When a state can credibly promise that labor displacement will not mean destitution, workers and their representatives are more likely to accept technological…
The upcoming release of the July consumer price index (CPI) report on Wednesday morning is poised to provide the Federal Reserve with a critical juncture in its ongoing battle against…
Canadian Prime Minister Mark Carney and Finnish President Alexander Stubb recently articulated a compelling strategic vision for middle-power countries, emphasizing the creation of ad hoc coalitions as a vital tool…
For decades, a prevailing assumption in the West held that China’s burgeoning economic growth would inevitably lead to its liberalization, mirroring the trajectories of South Korea and Taiwan. This hypothesis…
CHICAGO—AI-related job displacement is an impending reality, though its precise trajectory—the speed of its arrival, the extent of its reach, and the specific industries it will most profoundly impact—remains a…
A key inflation report released Wednesday indicated a significant moderation in price increases across a broad spectrum of goods and services in July, potentially diminishing the immediate pressure on the…
CAMBRIDGE – The persistent strength of the U.S. dollar and the corresponding trade and current-account surpluses enjoyed by major Asian economies like China, Japan, and South Korea have once again…
