Laura Ullrich On Labor Market Imbalance and AI’s Impact
Know More. Risk Better. Podcast | Season 10, Episode 11
In this episode of the Know More. Risk Better. podcast, the discussion explores how the U.S. labor market is evolving amid slowing job growth, persistent low‑hire, low‑fire dynamics, and rising uncertainty tied to AI, geopolitics, and policy. Zachary Griffiths and Laura Ullrich break down recent nonfarm payrolls data, sector imbalances driven by healthcare, and growing challenges for job seekers despite low unemployment. The conversation also examines how AI is reshaping hiring patterns, especially in tech, the risk of a timing mismatch between AI investment and labor demand, and insights from job posting data on entry‑level roles. Gain timely, data‑driven perspectives to help investors better assess labor market signals shaping credit and macro risk.
Watch on YouTube:
Speakers:
Zachary Griffiths, Head of IG & Macro Strategy, CreditSights:
Zachary leads US investment grade and macro strategy, bringing expertise in financial markets and economic implications.
Laura Ullrich, Director of Economic Research in North America, Indeed Hiring Lab:
Laura leads labor market research using large-scale hiring and resume data, with expertise in employment trends, the path from education to jobs, and prior experience as a senior regional economist at the Richmond Fed and economics professor at Winthrop University.
Timestamps:
00:00 – Introduction
01:51 – Indeed Hiring Lab data overview
04:21 – February payrolls labor slowdown
07:42 – Low hire low fire dynamics
09:52 – AI impact on jobs
13:36 – AI investment ROI risks
18:06 – Tech jobs entry vs senior
22:12 – New graduates job challenges
29:41 – Oil prices & labor effects
36:42 – Tariffs & economic uncertainty
41:59 – Conclusion & Key Takeaways
Listen on Audio:
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