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AI & Enterprise
AI era job seekers\' survival strategy: practical projects over resumes
U.S. college students and recent graduates are facing a double burden of wider AI adoption and a weak youth job market. Companies are rapidly using AI to review applications and conduct pre-interview screening, and job seekers are being pushed to show AI skills. Data show elevated unemployment and underemployment among recent graduates, though evidence that AI is directly eliminating entry-level jobs remains limited. Students increasingly cite project-based AI experience rather than coursework.
AI & Enterprise
Reskilling rather than layoffs: Companies\' employment changes after AI adoption draw attention
A survey found that as AI adoption spreads, companies tend to retrain existing employees or hire workers needed to use AI rather than conduct mass layoffs. The New York Fed surveyed firms in New York and northern New Jersey. Over the past six months, 4 percent of service firms using AI said they laid off staff because of AI, while manufacturing reported no AI-related layoffs. Training and limited investment were common.
Crypto
Bitcoin hits August high overnight as focus turns to U.S. CPI and PPI this week
Bitcoin rose to an August high near $65,420 ahead of the weekly close, shifting market attention to U.S. inflation data due this week. July CPI and PPI are scheduled for release on Aug. 12 and 13, after both came in below expectations last month. Analysts pointed to shifting expectations for a Fed rate hold in September. The article also highlights yen intervention, technical resistance near $65,800, mixed on-chain signals and weak spot market activity.
