McKinsey says 11 million US workers may need new careers by 2035 due to AI

Labor market conditions remain weak, with job openings at a five-month low in August, voluntary quits near a six-year low, and hiring growth still below historical averages. Glassdoor’s Employee Confidence Index hit a record low in September, reflecting rising anxiety over job security and economic uncertainty. Meanwhile, consumer sentiment also declined sharply, with the Conference Board’s index dropping 6.7 points to its lowest level in 12 years, influenced by higher gas prices and geopolitical tensions. Economists expect September’s jobs report to show slower employment growth, with a consensus forecast of 95,000 new jobs (down from 162,000 in August).