Since ChatGPT’s launch, jobs have shrunk and stocks have surged. But is AI really to blame?

Since ChatGPT launched in November 2022, the economy has seen a 70% surge in the S&P 500 but a 30% drop in job openings. Analysts suggest the decline is largely due to Federal Reserve policies rather than AI alone, complicating the narrative around economic impacts.

Nov 1, 2025 - 06:00
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Since ChatGPT’s launch, jobs have shrunk and stocks have surged. But is AI really to blame?
Since ChatGPT launched in November 2022, the economy has seen a 70% surge in the S&P 500 but a 30% drop in job openings. Analysts suggest the decline is largely due to Federal Reserve policies rather than AI alone, complicating the narrative around economic impacts.

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