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U.S. Job Growth in October Driven by AI Boom in Consulting Sector

CNBC · ·by G4L

IT
IT Gartner Inc
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  1. 1The 165,000 increase in U.S. nonfarm payrolls for October significantly exceeded the 59,000 increase predicted by Dow Jones survey economists.
  2. 2The 17,300 increase in management, scientific, and technical consulting jobs between September and October accounted for 25% of the total growth in the professional and business services sector for the month.
  3. 3Moody's Analytics found that AI has created a net 786,000 jobs since the launch of ChatGPT.

So what's the key point?

Job growth in the U.S. in October was much higher than experts expected. Artificial intelligence led growth in the technical consulting field by creating 786,000 jobs.

Source CNBC · View original ↗

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