"Zero Net Job Creation" - Jerome Powell (AI Takeover)

Jerome Powell just confirmed: Private sector job growth is at zero. Why? Companies are openly replacing humans with AI, 10% of layoffs now cite automation. Get updated: https://www.aiupdate.ai January saw layoffs hit a 17-year high as giants like Amazon, Meta, and Oracle let go of tens of thousands. Entry-level positions are disappearing, leaving new grads shut out. Powell says inflation is stuck at 3%, blaming tariffs for most of the gap, and warns volatile energy prices from global conflict are making things unpredictable. Meanwhile, some fired employees are coming back as contractors, cheaper for employers, but less secure for workers. Here’s the bottom line: AI is gutting the old career ladder. If you’re waiting for politicians or the Fed to rescue you, think again. Adapt, upskill, and stay connected, or risk being pushed aside. Chapters: 00:00 - Intro 00:38 - Jerome Powell Statement 05:11 - AI Layoffs 08:36 - The End of Entry-Level Jobs? 11:00 - Are You Cooked? 14:20 - How To SURVIVE? 16:25 - Final Thoughts References: https://www.aol.com/finance/powell-job-creation-near-zero-202637676.html https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20260318.pdf https://www.reuters.com/markets/us/powell-says-tariffs-keeping-inflation-elevated-fed-watching-energy-prices-2026-03-18/ https://www.marketwatch.com/livecoverage/fed-meeting-today-iran-inflation-interest-rates/card/powell-says-labor-market-is-adding-no-jobs-but-that-might-not-be-a-bad-thing-lF2DAb732D5BIi1VmBgx https://finance.yahoo.com/news/powell-job-creation-is-near-zero-202637723.html