Bank of America finds surprise twist in AI, job market

The U.S. job market seems like it's stuck mostly in neutral. The Chicago Fed’s jobless gauge came in at 4.3%, and that says it all: steady, but anything but strong. ADP reports losses, while small firms continue trimming their staff, and corporate hiring plans are hitting 15-year lows. Still, layoffs aren’t spiraling — it's just a slow drift, not a downturn. The Fed’s watching closely with another quarter-point cut potentially coming if the current stall turns into a slump. Still, for an economy that’s ...