'The Big Money Show' panel discusses a report that EY is giving $100 million in bonuses to reward human skills and debate bringing in the human element to the workplace amid AI. 00:00 EY’s $100 Million Bet on Human Skills 01:03 Will AI "Pulverize" the Consulting Industry? 02:14 Why Soft Skills Matter in a World of AI 03:05 The Future of High-Priced Consultancy 03:45 Transforming the American Economy (2020-2040) 04:54 The Beginning of the End for Audit?
Data: Bureau of Labor Statistics; Note: Core white-collar is the sum of employment in financial activities, information, and professional and business services sectors; Chart: Neil Irwin/Axios The market for many types of white-collar professional workers is bad . The overall U.S. job market is pretty healthy . There is less of a contradiction here than it might seem. The big picture: These are gloomy times for many office workers — their employers shedding payroll, their livelihoods threatened by AI. But the jobs seemingly under the greatest threat right now amount to a small share of overall employment. - Moreover, it isn't historically unusual for major sectors of the economy to shed jobs even as the overall labor market remains…
More than 120,000 jobs were added in May, surpassing expectations and marking the largest monthly gain since January 2025.
Stronger-than-expected job growth in May hints at labor market momentum ahead of the summer, especially at small businesses, despite previous reports of historically low consumer sentiment. PULSE POINTS WHAT HAPPENED: More than 120,000 jobs were added to the U.S. economy in May, surpassing expectations and marking the largest monthly gain since January 2025. DETAIL: Automatic Data Processing (ADP), an American payroll processing multinational, reported that 122,000 private sector jobs were added in May, surpassing the projected 120,000. This marks the largest monthly gain since the beginning of last year. According to ADP Chief Economist Dr. Nela Richardson, hiring in May was more broad-based than in recent years, seeing gains across…Open
A trendy productivity hack, A.I. note takers are capturing every joke and offhand comment in many meetings. They could also potentially waive attorney-client privilege.
Artificial intelligence is wiping out some entry-level work that trains the next generation of elite lawyers. Why it matters: Big Law's entire business model depends on armies of junior associates learning on the job. If AI erases that rung, the profession faces a long-term talent crisis. The big picture: The legal profession's most important classroom, the early-career grind of junior and summer associates, is quietly reshaping, as the path to partnership is being rewritten in real-time. - Firms are racing to "extract the knowledge of their lawyers" and embed it in AI workflows, client portals and self-service tools, Stanford Law professor David Freeman Engstrom tells Axios. - That could mean "getting ready for a world in which you…
The U.S. economy started 2026 in a state of excellent balance: strong growth, a solid job market and subdued inflation . Just don't look too closely. The big picture: The key headline numbers in recent days — on jobs and inflation— appear as good as they have been in some time. Still, there are also warnings in the data that the story is not quite as rosy as headline numbers might suggest. - It's the Goldilocks economy — neither too hot nor too cold, so long as you don't focus on the details. Catch up quick: On the surface, the job market is humming . Employers added a healthy 130,000 jobs in January, the Labor Department said this week, as the unemployment rate edged down to 4.3%. - The caveat? That announcement came with…
Data: Bureau of Labor Statistics; Note: "White-collar core" includes finance, insurance, information, and professional and business services; Chart: Axios Visuals Usually, when the economy grows, so does employment in the kinds of office jobs that form the backbone of modern corporate life. It hasn't been true lately, and that may solve a key mystery of the 2020s' economy. The big picture: While overall employment trends have been steady, companies have successfully squeezed more out of a falling number of workers in the sectors that are the major sources of white-collar office jobs. - These sectors — finance, insurance, information, and professional and business services — normally add jobs steadily outside of recessions. In the last…
