The invisible layoff: AI is quietly locking Americans out of the job market, CEO warns
Yahoo Finance·2026-03-07 02:24
The February jobs report revealed a loss of 92,000 jobs, but according to RedBalloon CEO Andrew Crapuchettes, the real economic rot isn't just in the numbers — it's in the technology. Crapuchettes warns that an invisible layoff is occurring as artificial intelligence algorithms effectively delete qualified American workers from the applicant pool, creating a massive disconnect that he says is fueling the jump to a 4.4% unemployment rate and short-term economic "pain." "AI is causing a lot of disruption ...