Researchers say infrasound -- low-frequency vibrations from things like pipes, HVAC systems, and traffic that humans can't consciously hear -- may help explain why some old buildings feel unsettling or "haunted." Rodney Schmaltz, senior author and professor at MacEwan, says: "Consider visiting a supposedly haunted building. Your mood shifts, you feel agitated, but you can't see or hear anything unusual. In an old building, there is a good chance that infrasound is present, particularly in basements where aging pipes and ventilation systems produce low-frequency vibrations. If you were told the building was haunted, you might attribute that agitation to something supernatural. In reality, you may simply have been exposed to infrasound." ScienceBlog.com reports: Infrasound sits below roughly 20 Hz, the lower limit of what the human ear can ordinarily detect. It's generated by storms, by volcanic activity, by tectonic rumblings deep in the Earth's crust, and (this is the part that matters) by the mundane mechanical heartbeat of cities: ageing pipes, HVAC systems, traffic, industrial machinery. "Infrasound is pervasive in everyday environments, appearing near ventilation systems, traffic, and industrial machinery," says Schmaltz. Most of the time, we walk through it without a second thought. The question the team wanted to answer was whether walking through it was actually doing something to us, whether the frequency was registered somewhere below consciousness, somewhere we couldn't readily name.

The experimental setup was deliberately ordinary. Thirty-six undergraduate students filed one at a time into isolated testing rooms and sat alone with a piece of music, either a calming instrumental or a horror-themed ambient track designed to provoke discomfort. Hidden subwoofers, including a 12-inch unit positioned in an adjacent hallway and a 16-inch speaker oriented toward the ceiling in a neighboring room, pumped infrasound at approximately 18 Hz into half those spaces. The participants had no idea. That last point turned out to be rather important. When the team ran the numbers, they found that participants couldn't reliably identify whether infrasound had been present. Their guesses were, statistically speaking, no better than chance. And according to Schmaltz, participants' beliefs about whether the infrasound was on had no detectable effect on their cortisol or mood. The physiological response didn't care what the participants thought was happening. It just happened anyway.

What happened, specifically, was this: those exposed to infrasound reported higher irritability, lower interest in the music, and a tendency to rate the music as sadder, irrespective of whether it was the calming or the horror track. Cortisol levels, measured before and about 20 minutes after exposure, were also elevated. Kale Scatterty, the PhD student who led the work, notes that irritability and cortisol do tend to move together under ordinary stress, but adds that "infrasound exposure had effects on both outcomes that went beyond that natural relationship." That distinction matters more than it might seem. Previous theories about infrasound and paranormal experience have often leaned on anxiety as the explanatory mechanism, the idea that low-frequency sound triggers a kind of free-floating dread that the mind then reaches for supernatural explanations to account for. The new data don't really support that picture. Measures of anxiety didn't budge significantly. What went up was irritability and disinterest, a kind of sour, low-grade aversion rather than fear. That's perhaps a more honest description of how a lot of ghost stories actually feel in the telling: not screaming terror, but wrong atmosphere, a sense of unease that never quite crystallizes into something you can point at. The study has been published this week in Frontiers in Behavioral Neuroscience.

"There's one big bright spot in the fight against climate change that most people never think about," reports the Washington Post. "It could prevent nearly half a degree of global warming this century, a huge margin for a planet that has warmed almost 1.5 degrees Celsius and is struggling to keep that number below 2 degrees..." [M]ore than 170 countries — including the U.S. — have agreed to act on this one solution. That solution: phasing out hydrofluorocarbons (HFCs), a group of gases used in refrigerators, air conditioners and other cooling systems that heat the atmosphere more than almost any other pollutant on Earth. Pound for pound, HFCs are hundreds or even thousands of times better at trapping heat than carbon dioxide.

Companies are replacing HFCs with new gases that trap much less heat. If you buy a new fridge or AC unit in the United States today, it'll probably use one of these new refrigerants — and you're unlikely to notice the difference, according to Francis Dietz, a spokesperson for the Air-Conditioning, Heating and Refrigeration Institute, a trade group representing U.S. HVAC manufacturers... But that invisible transition is one of the most important short-term tactics to keep Earth's climate from going catastrophically off-kilter this century. HFCs are powerful super-pollutants, but the most common ones break down in the atmosphere within about 15 years. That means stopping emissions from HFCs — and other short-lived super-pollutants such as methane — is like pulling an emergency brake on climate change.

"It's really the fastest, easiest and, some would say, the only way to slow the rate of warming between now and 2050," said Kiff Gallagher, executive director of the Global Heat Reduction Initiative, a business that advises companies and cities on cutting greenhouse gas emissions. The only other solution that comes close to the speed and scale of slashing HFCs would be dimming the sun, a much more controversial and potentially dangerous option... [P]hasing out HFCs now "would buy us a little bit of time to develop other solutions that maybe take longer to implement," said Sarah Gleeson, a climate solutions research manager at Project Drawdown, a nonprofit that models how much different strategies would slow climate change. It could also keep the planet from crossing dangerous climate tipping points this century.

U.S. college graduates "have historically found jobs more quickly than people with only a high school degree," writes Bloomberg.

"But that advantage is becoming a thing of the past, according to new research from the Federal Reserve Bank of Cleveland." "Recently, the job-finding rate for young college-educated workers has declined to be roughly in line with the rate for young high-school-educated workers, indicating that a long period of relatively easier job-finding prospects for college grads has ended," Cleveland Fed researchers Alexander Cline and BarıÅY Kaymak said in a blog post published Monday. The study follows the latest monthly employment data released on Nov. 20, which showed the unemployment rate for college-educated workers continued to rise in September amid an ongoing slowdown in white-collar hiring... The unemployment rate for people between the ages of 20 to 24 was 9.2% in September, up 2.2 percentage points from a year prior.
There is a caveat. "Young college graduates maintain advantages in job stability and compensation once hired..." the researchers write. "The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes."

Their research includes a graph showing how the "unemployment gap" first increased dramatically after 2010 between college-educated and high school-educated workers, which the researchers attribute to "the prolonged jobless recovery after 2008". But that gap has been closing ever since, with that gap now smaller than at any time since the 1970s.

"Young high school workers are riding the wave of the historically tight postpandemic labor market with well-below-average unemployment compared to that of past high school graduates, while young college workers are experiencing unemployment rates rarely observed among past college cohorts barring during recessions." The labor market advantages conferred by a college degree have historically justified individual investment in higher education and expanding support for college access. If the job-finding rate of college graduates continues to decline relative to the rate for high school graduates, we may see a reversal of these trends. The convergence we document concerns the initial step of securing employment rather than overall labor market outcomes. These details suggest a nuanced shift in employment dynamics, one in which college graduates face greater difficulty finding jobs than previously but maintain advantages compared with high school graduates in job stability and compensation once hired.
Two key quotes:

• "Declining job prospects among young college graduates may reflect the continued growth in college attainment, adding ever larger cohorts of college graduates to the ranks of job seekers, even though technology no longer favors college-educated workers."

• "Developments related to AI, which may be affecting job-finding prospects in some cases, cannot explain the decades-long decline in the college job-finding rate."

Waymo's fleet of autonomous robotaxis can navigate city streets and compete with human taxi drivers, but they become stranded when a passenger leaves a door ajar -- prompting the company to pay tow truck operators around $20 to $24 through an app called Honk just to push a door shut. The owner of a towing company in Inglewood, California, completes up to three such jobs a week for Waymo, sometimes freeing vehicles by removing seat belts caught in doors. Another Los Angeles tow operator said locating stuck robotaxis can take 10 minutes to an hour because the precise location isn't always provided, forcing workers to search on foot through narrow streets too narrow for flatbed rigs.

Tow operators also retrieve Waymos that run out of battery before reaching charging stations, earning $60 to $80 per tow -- rates that aren't always profitable after factoring in fuel and labor. During a San Francisco power outage last weekend, multiple operators received a flurry of retrieval requests as robotaxis blocked intersections across the city. One San Francisco tow company manager declined because Waymo's offered rate fell below his standard $250 flatbed fee.

Waymo said in a blog post that the outage caused a "backlog" in requests to remote human workers who help vehicles navigate defunct traffic signals. San Francisco Supervisor Bilal Mahmood called for a hearing into Waymo's operations, saying the traffic disruptions were "dangerous and unacceptable." A retired Carnegie Mellon engineering professor who studied autonomous vehicles for nearly 30 years said paying humans to close doors and retrieve stalled cars is expensive and will need to be minimized as Waymo scales up. The company is testing next-generation Zeekr vehicles in San Francisco that feature automatic sliding doors.

America's unemployment rate for tech jobs rose to 4% in November, and "has been steadily rising since May," reports the Washington Post (citing data from the IT training/certifications company CompTIA). Between October and November, the number of technology workers across different industries fell 134,000, while the number of people working in the tech industry declined by more than 6,800. Tech job postings were also down by more than 31,800, the report found, citing data from the Bureau of Labor Statistics and California-based market intelligence firm Lightcast. "The data is pretty definitive that the tech industry is struggling," said Mark Zandi, Moody's chief economist. "There's a jobs recession in the industry, and it feels like that's going to continue given the slide in postings...."

The unemployment rate in the tech industry still sits below the national rate, which in November hit 4.6 percent, the highest since 2021. However, that gap has been narrowing, with tech unemployment rising faster in recent months than is the case nationally.... Employers are largely in "wait and see" mode when it comes to hiring given the current uncertainties surrounding the economy and impact of AI, so they're likely to delay backfilling, Herbert said, citing CompTIA's surveys of chief information officers. But Justin Wolfers, professor of public policy and economics at the University of Michigan, said uncertainty is likely to continue in the foreseeable future. "I'm feeling substantially more pessimistic," Wolfers said, recalling that Federal Reserve Chair Jerome H. Powell recently suggested that federal job numbers may be overstated. "That's pretty grim."

Technology companies have announced more than 141,000 job cuts so far this year, representing a 17 percent increase from the same period last year, according to outplacement firm Challenger, Gray & Christmas. At the same time Big Tech companies like Google, Microsoft, Meta and Amazon have announced plans to invest up to $375 billion in AI infrastructure this year.
"AI is quickly becoming a requirement, with 41 percent of all active job postings representing AI roles or requiring AI skills, according to CompTIA's analysis," the article points out.

Economist Zandi tells the Post that "If you have AI skills, there seems to be jobs. But if you don't, I think it's going to feel like you've been hit by a dump truck."

fahrbot-bot shares a report from Phys.org: Physicists from Swansea University have played the leading role in a scientific breakthrough at CERN, developing an innovative technique that increases the antihydrogen trapping rate by a factor of ten. The advancement, achieved as part of the international Antihydrogen Laser Physics Apparatus (ALPHA) collaboration, has been published in Nature Communications and could help answer one of the biggest questions in physics: Why is there such a large imbalance between matter and antimatter? According to the Big Bang theory, equal amounts were created at the beginning of the universe, so why is the world around us made almost entirely of matter?

Antihydrogen is the "mirror version" of hydrogen, made from an antiproton and a positron. Trapping and studying it helps scientists explore how antimatter behaves, and whether it follows the same rules as matter. Producing and trapping antihydrogen is an extremely complicated process. Previous methods took 24 hours to trap just 2,000 atoms, limiting the scope of experiments at ALPHA. The Swansea-led team has changed that. Using laser-cooled beryllium ions, the team has demonstrated that it is possible to cool positrons to less than 10 Kelvin (below -263C), significantly colder than the previous threshold of about 15 Kelvin. These cooler positrons dramatically boost the efficiency of antihydrogen production and trapping -- allowing a record 15,000 atoms to be trapped in less than seven hours.

Android's security team published a blog post this week about their experience using Rust. Its title? "Move fast and fix things." Last year, we wrote about why a memory safety strategy that focuses on vulnerability prevention in new code quickly yields durable and compounding gains. This year we look at how this approach isn't just fixing things, but helping us move faster.

The 2025 data continues to validate the approach, with memory safety vulnerabilities falling below 20% of total vulnerabilities for the first time. We adopted Rust for its security and are seeing a 1000x reduction in memory safety vulnerability density compared to Android's C and C++ code. But the biggest surprise was Rust's impact on software delivery. With Rust changes having a 4x lower rollback rate and spending 25% less time in code review, the safer path is now also the faster one... Data shows that Rust code requires fewer revisions. This trend has been consistent since 2023. Rust changes of a similar size need about 20% fewer revisions than their C++ counterparts... In a self-reported survey from 2022, Google software engineers reported that Rust is both easier to review and more likely to be correct. The hard data on rollback rates and review times validates those impressions.

Historically, security improvements often came at a cost. More security meant more process, slower performance, or delayed features, forcing trade-offs between security and other product goals. The shift to Rust is different: we are significantly improving security and key development efficiency and product stability metrics.

With Rust support now mature for building Android system services and libraries, we are focused on bringing its security and productivity advantages elsewhere. Android's 6.12 Linux kernel is our first kernel with Rust support enabled and our first production Rust driver. More exciting projects are underway, such as our ongoing collaboration with Arm and Collabora on a Rust-based kernel-mode GPU driver. [They've also been deploying Rust in firmware for years, and Rust "is ensuring memory safety from the ground up in several security-critical Google applications," including Chromium's parsers for PNG, JSON, and web fonts.]
2025 was the first year more lines of Rust code were added to Android than lines of C++ code...

An anonymous reader quotes a report from the Guardian: Australian scientists have developed roof coatings that can passively cool surfaces up to 6C below ambient temperature, as well as extract water from the atmosphere, which they say could reduce indoor temperatures during extreme heat events. One coating made from a porous film, which can be painted on to existing roofs, works by reflecting 96% of incoming solar radiation, rather than absorbing the sun's energy. It also has a high thermal emittance, meaning it effectively dissipates heat to outer space when the sky is clear. Its properties are known as passive radiative cooling. [...]

In a study, published in the journal Advanced Functional Materials, the researchers tested a prototype for six months on the roof of the Sydney Nanoscience Hub, pairing the cool paint with a UV-resistant topcoat that encouraged dew droplets to roll down into a receptacle. As much as 390 milliliters per sq meter per day could be collected for about a third of the year, the scientists found. Based on that water capture rate, an average Australian roof -- about 200 sq meters -- could provide up to 70 liters on days favorable for collecting dew, they estimate. [...]

In well-insulated buildings, a 6C decrease in roof temperature "might result in a smaller fraction of that cooling being reflected in the top level of the house," [said the study's lead author, Prof Chiara Neto of the University of Sydney], but greater temperature reductions would be expected in most Australian houses, "where insulation is quite poor." She said the coating could also help reduce the urban heat island effect, in which hard surfaces absorb more heat than natural surfaces, resulting in urban centers being 1C to 13C warmer than rural areas. The researchers found that the prototype coating was comprised of poly(vinylidene fluoride-co-hexafluoropropene), which is used in the building industry but was "not a scalable technology going forward" due to its environmental issues. However, they are now commercializing a water-based paint with similar performance that is affordable and environmentally safer, costing about the same as standard premium paints.

Finland's fertility rate has dropped below 1.3 children per woman, the lowest among Nordic countries and far beneath the 2.1 replacement level needed to maintain a steady population. The rate has declined by a third since 2010. Kela, Finland's social insurance agency, started distributing 2025 "baby boxes" -- filled with clothing and other infant supplies -- in August instead of spring because so many 2024 boxes remained unclaimed.

More parents now choose cash payments over the traditional boxes filled with infant supplies. The decline puzzles researchers because Finland offers paid parental leave for both mothers and fathers, subsidized childcare and national healthcare. Anneli Miettinen, Kela's research manager, said that good family policies no longer explain birth rates in Nordic countries. Immigration has offset some population loss, but officials worry about workforce shrinkage and pension system strain.

Anna Rotkirch, who authored a government-commissioned report, found that many 17-year-olds describe wanting a house, garden, spouse and three children. Her research suggests young people struggle to form relationships, focus on education and careers, and delay childbearing. Some researchers attribute relationship difficulties to technology reducing physical interactions.

An anonymous reader shared this report from the Independent: Bitcoin and Ethereum both saw record liquidations as investors reacted to fears over a trade war, which saw many crypto investors move their money to stablecoins or safer assets... Bitcoin fell by more than 10 per cent to below $110,000, before recovering to $113,096 on Saturday morning. The value of Ethereum slumped by 11.2 per cent to $3,878. Other cryptocurrencies, including XRP, Doge and Ada, fell around 19 per cent, 27 per cent, and 25 per cent in the last 24 hours, respectively.
LiveMint shares some statistics from Bloomberg: Citing 24-hour data from Coinglass, the report noted that more than $19 billion has been wiped out in the "largest liquidation event in crypto history", which impacted more than 1.6 million traders. It added that more than $7 billion of those positions were sold in less than one hour of trading on October 10. According to data on CoinMarketCap, the cryptocurrency market cap has dived to $3.74 trillion from the record-high $4.30 trillion level, the previous day. Trading volumes as of the market close were recorded at $490.23 billion.

Bitcoin retreated on Friday, as US-China trade tensions reignited, after racing to record highs earlier in the week as persistent rate-cut bets and signs of some cooling in geopolitical tensions helped boost risk. Bitcoin was trading at $105,505.4 on Friday, down 13.15% on the day.

Longtime Slashdot reader whoever57 writes: Birmingham City Council, the largest such entity in Europe, has been declared effectively bankrupt. There are a couple of reasons for this, but one of them is a disastrous project to replace the city's income management system using Oracle. The cost of this has risen to $230 million, while the initial estimate was $24 million. There was a failed rollout of the new system earlier this year. "Original plans for the replacement of SAP with Oracle Fusion set aside a 19.965 million-euro budget for three years implementation until the end of the 2021 financial year," reports The Register. "Go-live date was later put back until April 2022 and the budget increased to 40 million euros. After the council realized it would need to reimplement all of Oracle, the budget for running the old system and introducing the new one increased to 131 million euros."

"In a hastily convened Audit Committee meeting this week, councilor heard how that date has now been put back until November, expressing their anger that the news hit the media before they were told." Testing failed with only a 73.3% pass rate and 10 severe deficits, "below the acceptance criteria of a 95 percent pass rate and zero severe deficits.

Gallup: A record-low 35% of Americans are satisfied with the quality of education that K-12 students receive in the U.S. today, marking an eight-percentage-point decline since last year. This is one point below the previous historical low recorded in 2000 and 2023 for this Gallup question that dates back to 1999.

Several other ratings of the U.S. K-12 education system provide a similarly bleak assessment. Only about one-quarter of Americans think K-12 schools are headed in the right direction, while just one in five rate them as "excellent" or "good" at preparing students for today's jobs and one in three say the same for college.

Yet, parents of current K-12 students are nearly twice as satisfied with their own child's education as they are with education in the U.S. K-12 parents are also slightly more likely than U.S. adults in general to rate different aspects of education positively, including the direction of education in the U.S. and schools' preparation of students for the workforce and for college. Still, none of these ratings is near the majority level.

"The ultimate test of climate projections is to compare them with what has played out..." says earth sciences professor Torbjörn Törnqvist, lead author on a new study published in the open-access journal Earth's Future (published by the American Geophysical Union).

But after "decades of observations," he says his researchers "were quite amazed how good those early projections were, especially when you think about how crude the models were back then, compared to what is available now." "For anyone who questions the role of humans in changing our climate, here is some of the best proof that we have understood for decades what is really happening, and that we can make credible projections...."

A new era of monitoring global sea-level change took off when satellites were launched in the early 1990s to measure the height of the ocean surface. This showed that the rate of global sea-level rise since that time has averaged about one eighth of an inch per year. Only more recently, it became possible to detect that the rate of global sea-level rise is accelerating. When NASA researchers demonstrated in October 2024 that the rate has doubled during this 30-year period, the time was right to compare this finding with projections that were made during the mid-1990s, independent of the satellite measurements.

In 1996, the Intergovernmental Panel on Climate Change published an assessment report soon after the satellite-based sea-level measurements had started. It projected that the most likely amount of global sea-level rise over the next 30 years would be almost 8 centimeters (3 inches), remarkably close to the 9 centimeters that has occurred.

But it also underestimated the role of melting ice sheets by more than 2 centimeters (about 1 inch). At the time, little was known about the role of warming ocean waters and how that could destabilize marine sectors of the Antarctic Ice Sheet from below. Ice flow from the Greenland Ice Sheet into the ocean has also been faster than foreseen.
"The findings provide confidence in model-based climate projections," according to the paper. Again, its two key points:

• The largest disparities between projections and observations were due to underestimated dynamic mass loss of ice sheets

• Comparison of past projections with subsequent observations gives confidence in future climate projections

Thanks to Slashdot reader Mr. Dollar Ton for sharing the news.

Global fertility rates have fallen from five children per woman in the mid-twentieth century to 2.2 today, with approximately half of countries now below the 2.1 replacement threshold, according to data from the Institute for Health Metrics and Evaluation at the University of Washington.

Mexico's rate dropped from seven children in 1970 to 1.6 in 2023. South Korea recorded 0.75 in 2024, down from 4.5 in 1970. The IHME projects over three-quarters of countries will fall below replacement level by 2050. A UN survey of 14,000 people across 14 countries found 39% cited financial limitations as a primary reason for not having children. China's population peaked around 2022 at 1.4 billion, while the U.S. Census Bureau predicts America's population will peak in 2080 at 370 million.

NBC News reports that in the U.S., many recent graduates looking to enter the labor force "are painting a dire picture of their job search." NBC News asked people who recently finished technical school, college or graduate school how their job application process was going, and in more than 100 responses, the graduates described months spent searching for a job, hundreds of applications and zero responses from employers — even with degrees once thought to be in high demand, like computer science or engineering.

Some said they struggled to get an hourly retail position or are making salaries well below what they had been expecting in fields they hadn't planned to work in. "It was very frustrating," said Jensen Kornfeind, who graduated this spring from Temple University with a degree in international trade. "Out of 70-plus job applications, I had three job interviews, and out of those three, I got ghosted from two of them."

The national economic data backs up their experience. The unemployment rate among recent graduates has been increasing this year to an average of 5.3%, compared to around 4% for the labor force as a whole, making it one of the toughest job markets for recent graduates since 2015, according to an analysis by the Federal Reserve Bank of New York released Friday. "Recent college graduates are on the margin of the labor market, and so they're the first to feel when the labor market slows and hiring slows," said Jaison Abel, an economist at the Federal Reserve Bank of New York.

Across the economy, hiring in recent months has ground to its slowest pace since the start of the pandemic, with employers adding just 73,000 jobs in July, according to data released Friday... Tech workers have been some of the hardest hit in a slowing job market, with more than 400 employers including Meta, Intel and Cisco announcing more than 130,000 jobs cut in 2025, according to tech job site TrueUp.
The article cites an economist at Indeed Hiring Lab who believes early adoption of AI "is also likely driving some of the cuts and leading employers to rethink hiring plans in anticipation of AI's future role." So besides federal policy changes, the article blames "the emergence of AI, which some companies have said they are using to replace certain entry-level jobs, like those in customer support or basic software development."

Seven months after graduating, one CS major told NBC News he'd applied for 100 jobs, and got one job offer — for the 4 a.m. shift at Starbucks.

Norway's $2 trillion sovereign wealth fund, equivalent to $340,000 per citizen, may be undermining the country's economic health, according to a contentious new book. Martin Bech Holte's "The Country That Became Too Rich" argues that oil revenue has made Norway bloated and unproductive, with data supporting several concerns.

Norway has recorded the slowest productivity growth among wealthy nations over the past two decades while Norwegians take 27.5 sick days annually, the highest rate in the OECD. Student test scores have declined since 2015 and now rank below the OECD average despite Norway spending $20,000 per student compared to the $14,000 OECD average. Fund withdrawals now cover 20% of the annual budget, up from less than 10% two decades ago.

Japan must stop being overly optimistic about how quickly its population is going to shrink, economists have warned, as births plunge at a pace far ahead of core estimates. From a report: Japan this month said there were a total of 686,000 Japanese births in 2024, falling below 700,000 for the first time since records began in the 19th century and defying years of policy efforts to halt population decline. The total represented the ninth straight year of decline and pushed the country's total fertility rate -- the average number of children born per woman over her lifetime -- to a record low of 1.15.

But public and parliamentary dismay over the latest evidence of Japan's decline was intensified by the extent to which the figures undershot population estimates calculated by government demographers just two years ago. The median forecast produced by the National Institute of Population and Social Security Research (IPSS) in 2023 did not foresee the number of annual births -- which does not include children born to non-Japanese people -- dropping into the 680,000 range until 2039.

The World Bank sharply reduced its global economic growth forecast for 2025 to 2.3% from 2.7%, warning that the current decade is on track to become the weakest for the global economy since the 1960s. The Washington-based lender attributed the downgrade to mounting costs from "international discord -- about trade, in particular," as Donald Trump's tariff policies create unprecedented uncertainty.

The revised forecast would mark the slowest growth rate outside full-blown recessions since 2008. Even with a modest recovery to 2.4% expected in 2026, the bank characterized the outlook as merely "tepid." Chief economist Indermit Gill said "outside of Asia, the developing world is becoming a development-free zone." Growth in developing economies has steadily declined from 6% annually in the 2000s to 5% in the 2010s, now falling below 4% in the 2020s. The bank said that "many of the forces behind the great economic miracle of the last 50 years" have reversed, with more than half of low-income countries either in debt distress or at high risk.

The New York Times notes that white-collar workers have faced higher unemployment than other groups in the U.S. over the past few years — along with slower wager growth.

Some economists wonder if this trend might be irreversible... and partly attributable to AI: After sitting below 4% for more than two years, the overall unemployment rate has topped that threshold since May... "We're seeing a meaningful transition in the way work is done in the white-collar world," said Carl Tannenbaum, the chief economist of Northern Trust. "I tell people a wave is coming...." Thousands of video game workers lost jobs last year and the year before... Unemployment in finance and related industries, while still low, increased by about a quarter from 2022 to 2024, as rising interest rates slowed demand for mortgages and companies sought to become leaner....

Overall, the latest data from the Federal Reserve Bank of New York show that the unemployment rate for college grads has risen 30% since bottoming out in September 2022 (to 2.6% from 2%), versus about 18% for all workers (to 4% from 3.4%). An analysis by Julia Pollak, chief economist of ZipRecruiter, shows that unemployment has been most elevated among those with bachelor's degrees or some college but no degree, while unemployment has been steady or falling at the very top and bottom of the education ladder — for those with advanced degrees or without a high school diploma. Hiring rates have slowed more for jobs requiring a college degree than for other jobs, according to ADP Research, which studies the labor market....

And artificial intelligence could reduce that need further by increasing the automation of white-collar jobs. A recent academic paper found that software developers who used an AI coding assistant improved a key measure of productivity by more than 25% and that the productivity gains appeared to be largest among the least experienced developers. The result suggested that adopting AI could reduce the wage premium enjoyed by more experienced coders, since it would erode their productivity advantages over novices... [A]t least in the near term, many tech executives and their investors appear to see AI as a way to trim their staffing. A software engineer at a large tech company who declined to be named for fear of harming his job prospects said that his team was about half the size it was last year and that he and his co-workers were expected to do roughly the same amount of work by relying on an AI assistant. Overall, the unemployment rate in tech and related industries jumped by more than half from 2022 to 2024, to 4.4% from 2.9%.
"Some economists say these trends may be short term in nature and little cause for concern on their own," the article points out (with one economist noting the unemployment rate is still low compared to historical averages).

Harvard labor economist Lawrence Katz even suggested the slower wage growth could reflect the discount that these workers accepted in return for being able to work from home.

Thanks to Slashdot reader databasecowgirl for sharing the article.

Americans quit 39.6 million jobs in 2024, an 11% drop from 2023 and 22% below the 2022 peak, Labor Department data showed Tuesday, signaling an end to the post-pandemic job-switching frenzy. The monthly quit rate fell below pre-pandemic levels as workers faced diminishing options in a cooling labor market. Available positions per unemployed worker dropped to 1.1 from 2 in March 2022, while hiring declined to a monthly average of 3.5% in 2024 from 4.4% in 2021.

Total hiring fell to 66 million in 2024 from 71 million in 2023, though the job market remained stable. The unemployment rate held at 4.1%, with economists expecting steady job growth in Friday's upcoming labor report. The Conference Board's latest survey showed fewer respondents viewing jobs as plentiful compared to the early 2020s, with more reporting difficulties finding work.