Morgan Stanley said this week that artificial intelligence is beginning to influence labor markets, but the overall impact remains limited, based on findings from its newly released AI disruption tracker.
The bank analyzed a range of occupations and industries categorized by their level of exposure to AI. While unemployment rates in roles with higher AI exposure appear slightly elevated compared to typical levels, the effect on overall joblessness is minimal—adding no more than 0.1 percentage points to total unemployment.
The data suggests younger workers are more affected, with clearer indications of weaker labor demand in jobs that are more exposed to AI technologies.
However, Morgan Stanley emphasized that signs of displacement become less visible when looking at the broader economy. At the industry level, payroll data does not currently show clear evidence of job losses directly linked to AI.
The tracker is designed to assess how the adoption of AI is shaping employment trends across sectors and demographic groups within the workforce.