AI likely to impact entry level jobs, unemployment could rise sharply: Jefferies

New Delhi [India], June 2 (ANI): The impact of Artificial Intelligence (AI) on the job market is expected to fall on entry-level white-collar workers, says a report by Jefferies.

The report highlighted that the unemployment among recent college graduates in United States is now at 5.8 per cent, which is higher than the national average of 4 per cent and more than double the 2.7 per cent rate for all college graduates.

Jefferies said, “We believe AI’s most significant impact for investors will be through labour disruption, beginning with entry-level roles”.