Goldman Sachs: The U.S. labor market is healthier now than when ChatGPT launched. Yes, really
Goldman Sachs economists report that the U.S. labor market has improved since the launch of ChatGPT, with a decrease in the mismatch between job seekers and available positions. This improvement is attributed to AI's role in reallocating workers to where they are needed most, rather than causing widespread job losses. However, contrasting views from the New York Fed suggest that the overall impact of AI on job postings is less clear, indicating a complex landscape in the labor market.
- ▪The mismatch between workers and available jobs has improved since late 2022, falling below pre-pandemic levels.
- ▪Goldman Sachs attributes this improvement to AI assisting in reallocating workers rather than replacing them.
- ▪The New York Fed's analysis suggests that AI exposure shows little link to declining job postings, indicating differing methodologies in assessing labor market conditions.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/05/19/goldman-sachs-us-labor-market-healthier-than-when-chatgpt-launched/ |
| Publication time | Tue, 19 May 2026 17:51:42 +0000 |
| Retrieval time | 2026-05-19T18:09:57.887Z |
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Opening excerpt (first ~120 words) tap to expand
You know the deal: AI is the villain, the thing that all the college kids are booing at commencement speech, the bringer of destruction to the labor market. Since the launch of ChatGPT in late 2022, the anxiety has mounted along with the predictions of the demise of white-collar work. Recommended Video But nearly four years later, Goldman Sachs economists have a surprising update. The mismatch between workers and available jobs—a key barometer of labor market stress—has actually improved since that moment, falling below its pre-pandemic level. The traffic jam, in other words, is clearing. The reason, paradoxically, is AI itself. A tale of two studies The Goldman finding doesn’t go unchallenged.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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