Morgan Stanley AI Tracker Shows 0.1% Unemployment

Morgan Stanley released an AI disruption tracker measuring AI’s impact on labor markets across occupations and industries.
The tracker finds unemployment in high‑AI‑exposure jobs slightly higher, adding at most 0.1 percentage points to overall unemployment.
Young workers experience the most noticeable AI‑related displacement, showing softer labor demand in higher‑exposure roles.
No evidence of AI‑driven displacement appears in industry‑level payroll data, indicating limited macro‑economic impact.