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AI use for business purposes is relatively small but growing rapidly, from Kathryn Bonney, Cory Breaux, @cathybuffington, Emin Dinlersoz, Lucia Foster, Nathan Goldschlag, John Haltiwanger, Zachary Kroff, and Keith Savage nber.org/papers/w32319

Forthcoming in the AER: "Rising Top, Falling Bottom: Industries and Rising Wage Inequality" by John Haltiwanger, Henry R. Hyatt, and James R. Spletzer. aeaweb.org/articles?id=10…

#BPEA paper on surge in business formation with Ryan Decker (Ryan Decker ) published today brookings.edu/articles/surgi…

🚨New 2022 Business Dynamics Statistics data just dropped 🚨 2022 was an absolute rocket 📈 for job creation, returning to the level of the booming 90s. More recent support for the Ryan Decker and John Haltiwanger thesis

The Census Bureau released the Business Dynamic Statistics today through 2022. New employer firms in 2022 about 520K -- 15% higher than 2019. 16% of the firm births in 2022 are in High Tech (NAICS 51/54). Pace of firm births rapidly increasing in 2021 and 2022.

NAS Report on AI and the Future of Work Released today: nationalacademies.org/our-work/autom…

The recent increase in US wage inequality is driven by a small number of industries, according to researchers Univ. of Maryland, U.S. Census Bureau, and IZA. High-wage workers are increasingly sorting into high-wage industries, such as high-tech. #Chart aeaweb.org/research/chart…

New business applications for likely employers are a novel leading economic indicator, from Jose Asturias, Emin Dinlersoz, John Haltiwanger, Rebecca J. Hutchinson, and Alyson Plumb nber.org/papers/w33224

Business Formation Statistics (census.gov/econ/bfs/index…) released today for February 2025. Applications in High Tech (NAICS 51+54) show robust projected employer business startups over next 8 quarters. February shows recovery from January dip but not as high as December 2024.

Workers who experience a prolonged period of joblessness comprise the bulk of earnings losses after mass layoffs, say researchers at Cleveland Fed, Univ. of Maryland, BLS-Labor Statistics, and Opportunity Insights. #Chart aeaweb.org/research/chart…