{"id":419659,"date":"2026-05-09T15:35:31","date_gmt":"2026-05-09T15:35:31","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/419659\/"},"modified":"2026-05-09T15:35:31","modified_gmt":"2026-05-09T15:35:31","slug":"productivity-booms-as-labor-market-shows-signs-of-revival","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/419659\/","title":{"rendered":"Productivity Booms As Labor Market Shows Signs Of Revival"},"content":{"rendered":"<p>  <img decoding=\"async\" class=\"w-full object-cover rounded-theme aspect-[16\/9] bg-bgr-tone\" loading=\"eager\"   src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/photo-1694903110330-cc64b7e1d21d.jpeg\" alt=\"Productivity Booms As Labor Market Shows Signs Of Revival\"\/><\/p>\n<p>When the labor market sneezes, ADP, Paychex, and ManpowerGroup catch colds. The stock prices of all three sold off sharply as hiring cooled starting early last year (chart). But on balance, the latest batch of labor market data suggests that employment conditions may be improving, and employment-related stocks may be bottoming (chart).<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/05\/gateway-46-1.png\" class=\"kg-image\" alt=\"\" loading=\"lazy\" width=\"1920\" height=\"1080\"  \/><\/p>\n<p>We disagree with the widely-held notion that AI is a net job killer. In our opinion, AI will create jobs on balance. Humans will use AI to achieve greater output at lower cost, creating a wealthier society that needs more and newer types of human labor. We agree with Jevons&#8217; Paradox: Making a production input more efficient lowers the cost of the final product, stimulates demand for it, and ultimately results in greater demand for the input itself, despite the productivity gain.<\/p>\n<p>            Join thousands who rely on QuickTakes<\/p>\n<p style=\"margin: 0 0 1rem 0; opacity: 0.9;\">Unlock the rest of this QuickTakes post \u2014 plus all premium content<\/p>\n<p>                \u2713 5\u20138 market-moving QuickTakes each week (vs 1\u20133 on free)<br \/>\n                \u2713 Weekly video commentary from Dr. Yardeni<br \/>\n                \u2713 Complete research archive at your fingertips<\/p>\n<p>            <a href=\"https:\/\/www.yardeniquicktakes.com\/membership\/\" onclick=\"plausible(&#039;CTA_Click&#039;, {props: {location: &#039;paywall&#039;, member_status: &#039;logged_out&#039;, button_text: &#039;Unlock Everything&#039;, page_type: &#039;post&#039;, content_visibility: &#039;paid&#039;}})\" class=\"btn-shimmer-white\" style=\"display: inline-flex; align-items: center; gap: 0.375rem; font-weight: 600; color: #2e7e74; padding: 0.75rem 2rem; border-radius: 9999px; text-decoration: none; transition: all 0.3s; box-shadow: 0 10px 15px -3px rgba(0, 0, 0, 0.1);\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n                Unlock Everything<\/p>\n<p>            <\/a><\/p>\n<p style=\"margin-top: 1rem;\">Already have an account? <a data-portal=\"signin\" href=\"#\/portal\/signin\" onclick=\"plausible('Signin_Click', {props: {location: 'paywall'}})\">Sign in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"When the labor market sneezes, ADP, Paychex, and ManpowerGroup catch colds. The stock prices of all three sold&hellip;\n","protected":false},"author":2,"featured_media":419660,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-419659","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/419659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=419659"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/419659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/419660"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=419659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=419659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=419659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}