This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic

FortuneTuesday, October 21, 2025 at 10:28:16 AM
This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are too optimistic
Goldman Sachs' chief economist Jan Hatzius has raised alarms about the current state of the U.S. job market, describing it as the worst in 50 years outside of a recession. This downturn could significantly impact economic growth, as frontloaded orders and disruptions from artificial intelligence are distorting GDP signals. Understanding this situation is crucial, as it suggests that the optimistic GDP estimates may not be realistic, potentially leading to broader economic challenges.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Goldman Sachs Sees 30% Upside for Chinese Stocks Through 2027
PositiveFinancial Markets
Goldman Sachs is optimistic about the future of Chinese stocks, predicting a 30% increase by the end of 2027. This forecast is backed by supportive pro-market policies, increasing corporate profits, and strong capital inflows. Such growth could signal a robust recovery for investors and the broader economy, making it an important development for those interested in the Asian markets.
OpenAI Looks to Replace the Drudgery of Junior Bankers’ Workload
PositiveFinancial Markets
OpenAI is making waves in the finance sector by employing over 100 former investment bankers to train its AI for building financial models. This initiative, known as Project Mercury, aims to alleviate the tedious workload of junior bankers, allowing them to focus on more strategic tasks. With participants earning $150 per hour, this project not only enhances efficiency in banking but also showcases how AI can transform traditional roles in the industry.
Veritone at LD Micro Main Event: AI Solutions and Strategic Growth
PositiveFinancial Markets
Veritone made a significant impact at the LD Micro Main Event, showcasing its innovative AI solutions and discussing strategic growth opportunities. This event is crucial as it highlights the company's commitment to leveraging artificial intelligence to drive business success and adapt to market demands.
Netflix stock rating reiterated at Neutral by Goldman Sachs
NeutralFinancial Markets
Goldman Sachs has reiterated its neutral rating on Netflix's stock, indicating that while the company has potential, it faces challenges in a competitive streaming market. This matters because investors are closely watching how Netflix adapts to changing viewer preferences and competition, which could impact its stock performance.
Goldman Sachs issues $10 billion in new debt securities across multiple maturities
PositiveFinancial Markets
Goldman Sachs has announced the issuance of $10 billion in new debt securities, spanning various maturities. This move is significant as it reflects the bank's strategy to bolster its capital structure and provide investors with diverse options. The issuance is expected to attract a wide range of investors, enhancing liquidity in the market and potentially supporting future growth initiatives.
AI Is Powerful for Growing GDP: I/O Fund’s Kindig
PositiveFinancial Markets
Beth Kindig, the lead tech analyst at I/O Fund, highlights the significant role of AI in boosting GDP, emphasizing the global race to enhance chip manufacturing due to soaring demand. Her insights on Bloomberg Tech underline the urgency for nations to innovate and invest in technology to stay competitive, making this a crucial topic for economic growth.
Salesforce revamps Agentforce to try to pull customers across the gap between AI capabilities and AI adoption
PositiveFinancial Markets
Salesforce is making significant strides in bridging the gap between AI capabilities and adoption with its revamped Agentforce. CEO Marc Benioff emphasizes the importance of guiding enterprises in effectively building AI agents, which is crucial as businesses increasingly seek to leverage AI for enhanced efficiency and innovation. This initiative not only showcases Salesforce's commitment to supporting its customers but also highlights the growing recognition of AI's potential in transforming business operations.
Inuvo at LD Micro Main Event XIX: AI-Driven Ad Tech Strategy
PositiveFinancial Markets
Inuvo recently showcased its innovative AI-driven advertising technology at the LD Micro Main Event XIX, highlighting its commitment to enhancing digital marketing strategies. This event is significant as it brings together industry leaders and investors, providing a platform for Inuvo to demonstrate how its solutions can optimize ad performance and drive better results for businesses. The focus on AI in advertising is crucial as it represents the future of targeted marketing, making this presentation a key moment for Inuvo and its stakeholders.
Latest from Financial Markets
Samsung’s Galaxy XR headset to take on Apple with help from Google and Qualcomm
PositiveFinancial Markets
Samsung is gearing up to launch its Galaxy XR headset, aiming to compete directly with Apple's offerings. With strategic partnerships with Google and Qualcomm, Samsung is poised to leverage advanced technology and innovation to enhance user experience. This move is significant as it not only intensifies the competition in the tech industry but also promises to bring exciting new features to consumers, potentially reshaping how we interact with augmented and virtual reality.
Shares dip, gold retreats as FOMO buying gets reality check
NegativeFinancial Markets
Shares have taken a dip and gold prices are retreating as the initial excitement of FOMO buying faces a reality check. This shift highlights the volatility in the market and serves as a reminder for investors to remain cautious. Understanding these trends is crucial as they can impact investment strategies and overall market stability.
Airbus opens second jet assembly line in China
PositiveFinancial Markets
Airbus has officially opened its second jet assembly line in China, marking a significant expansion of its operations in the region. This move not only strengthens Airbus's presence in the rapidly growing Asian aviation market but also highlights the company's commitment to meeting increasing demand for air travel. By establishing this new facility, Airbus aims to enhance its production capabilities and better serve its customers in China and beyond, which is crucial for the future of global aviation.
Gold tumbles 5% in biggest sell-off since 2020
NegativeFinancial Markets
Gold prices have dropped by 5%, marking the largest sell-off since 2020. This decline raises concerns among investors as it suggests that the recent surge in gold prices may have been excessive. Understanding this shift is crucial for those invested in precious metals, as it could signal a change in market dynamics and affect future investment strategies.
Thailand monetary policy should remain accommodative, central bank minutes show
PositiveFinancial Markets
The recent minutes from Thailand's central bank indicate a commitment to maintaining an accommodative monetary policy, which is crucial for supporting economic recovery. This approach aims to keep interest rates low to stimulate growth and manage inflation effectively. Such measures are particularly important as the country navigates post-pandemic challenges, ensuring that businesses and consumers have access to affordable credit.
StanChart's Cooper on Gold, Silver Losses
NegativeFinancial Markets
Suki Cooper, the Global Head of Commodities Research at Standard Chartered Bank, recently discussed the ongoing losses in gold and silver prices on Bloomberg's The China Show. This matters because it highlights the complex factors affecting these precious metals, which are crucial for investors and the broader economy.