“The year started with strong job growth, but that momentum has been whipsawed by uncertainty,” Nela Richardson, ADP’s chief economist, said in the press release.
She cited a mix of factors that are weighing on hiring decisions, “including labor shortages, skittish consumers, and AI disruptions.”
ADP’s August report is among the first to namecheck AI disruptions, a rare admission that artificial intelligence is now beginning to reshape hiring sentiment.
