AI is booming on the West Coast. So why is unemployment so high there? — and more UCLA media

CNN Business reported on the correlation between AI’s historic investor surge and spikes in unemployment. Economist Ben Hyman, a senior researcher at the California Policy Lab at UCLA, said unemployment claims are rising in California “among workers who were formerly in highly AI-exposed occupations, especially those who are advanced-degree holders in the Bay Area and in technology-adjacent sectors.” A recent analysis from the Federal Reserve Bank of San Francisco showed that unemployed people with advanced degrees are among the groups struggling the most to find a job. Read more about UCLA in