Expecting sluggish jobs reports for October and November, says Indeed's Laura Ullrich

Job Market Insights - The upcoming job reports for October and November are expected to be relatively sluggish, with no significant surprises anticipated [4] - Current data indicates a cooling labor market, although it has leveled off somewhat [4] Wage Trends - The labor market is currently characterized as an employer market, leading to limited wage growth due to excess labor supply [5][6] - Certain sectors, such as healthcare, may still experience competitive wage growth, but overall wage increases are not expected to rise significantly as long as the labor market remains sluggish [6] Impact of AI on Employment - AI is influencing certain sectors, particularly technology, marketing, and accounting, but its current impact may be more about anticipation rather than actual productivity gains [7][9] - Companies are heavily investing in AI, which may be causing them to hold off on hiring, as they await the anticipated benefits of these technologies [7][9] - There are indications that some companies are not seeing the expected productivity gains from their AI investments, raising questions about future hiring needs [9]