A new report from Goldman Sachs suggests that artificial intelligence (AI) adoption is on the rise, but its impact on jobs remains limited and uncertain. The report, led by Chief Economist Jan Hatzius, analyzed industry surveys, government data, and proprietary analysis to produce an AI Adoption Tracker.
According to the report, 9.2% of US companies are using AI to produce goods or services as of the second quarter of 2025, up from 7.4% in the first quarter. While generative AI and related technologies are rapidly reshaping corporate investment and productivity, their effect on employment is evolving at a slower pace.
The report highlights three key takeaways:
Limited labor market disruption: Despite increased AI adoption, overall labor market outcomes remain largely unaffected, with no significant impact on job growth, wage gains, unemployment rates, or layoff rates in AI-exposed industries. However, payrolls growth continues to underperform in occupations where AI is having an anecdotal impact.
Productivity gains concentrated but significant: Goldman estimates that AI’s influence on productivity where it’s already been deployed is pronounced, with a 23-29% boost to labor productivity. Sectors leveraging generative AI most actively—information, finance, and professional services—are seeing the largest increases in productivity.
The AI employment story: still in its early chapters: The report suggests that the full employment effect of AI is still developing, with an uptick in demand for roles such as machine-learning engineers and AI researchers. While fears of widespread AI-induced job loss appear overstated, policymakers, business leaders, and workers must continue to monitor the impact of AI on the labor market as it continues to evolve.
Overall, the report suggests that while AI adoption is on the rise, its impact on jobs remains uncertain and limited, at least in the near term.
Source: https://fortune.com/2025/07/17/will-ai-replace-jobs-labor-market-goldman-sachs-artificial-intelligence