Hirtle CIO Brad Conger said US August nonfarm payrolls may be beginning to show AI-driven job displacement. Industries with higher AI adoption, notably information and financials, underperformed, while tied sectors to data‑center construction, equipm

2026-09-04

Hirtle CIO Brad Conger said US August nonfarm payrolls may be beginning to show AI-driven job displacement. Industries with higher AI adoption, notably information and financials, underperformed, while tied sectors to data‑center construction, equipment installation and power supply — construction, manufacturing and utilities — outperformed. He said the pattern should help support incomes for lower-tier households in a K-shaped economy.