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‘1 in 8’ Americans in Healthcare; How AI is Distorting Jobs Numbers

‘1 in 8’ Americans in Healthcare; How AI is Distorting Jobs Numbers

Schwab Network · Schwab Network

September 10, 20259m 18s

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Show Notes

Evan Sohn thinks the Fed would have cut rates in the summer if the BLS data had come in right the first time. He’s concerned companies may delay hiring into 1Q26 as they wait for the Fed to cut, potentially hitting the 4Q labor market. He discusses how heavily the labor force is weighted towards healthcare, saying “one in eight” Americans are employed in the field. Evan also talks about the ways that AI is replacing jobs – and it might not be how you think.


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