LinkedIn: AI Not Responsible for Hiring Slowdown, Yet

LinkedIn data reveals hiring is down 20% since 2022, but higher interest rates, not AI, are to blame for the current slowdown in the job market.
A new report from LinkedIn has revealed that hiring across the United States has declined by 20% since 2022, but the professional networking platform is quick to point out that the slowdown is not due to the rise of artificial intelligence (AI) technologies. Instead, LinkedIn's data analysts attribute the hiring decline to higher interest rates and the resulting economic uncertainty.
According to the LinkedIn report, the hiring slowdown began in mid-2022 and has continued into the new year. While some have speculated that the increasing use of AI in the hiring process could be contributing to the decline, LinkedIn's data suggests that this is not yet the case.
{{IMAGE_PLACEHOLDER}}Source: TechCrunch


