The New York Fed reports that artificial intelligence is spreading quickly across firms in New York and Northern New Jersey, while links to job cuts remain limited. The study asked employers about how they use AI and whether those tools have changed staffing, providing a snapshot of adoption and near term plans.
In services, uptake has accelerated. Companies reporting AI use rose to 40 percent this year, up from 25 percent last year. Nearly half of service firms, 44 percent, say they plan to implement AI within the next six months. This suggests a pipeline of projects moving from testing to day to day operations, especially for customer service, content work, analytics, and internal support.
Manufacturers are adopting more gradually but the trend points upward. Reported AI use climbed from 16 percent last year to 26 percent this year. About one third of manufacturing firms plan to bring AI online in the coming half year, indicating growing interest in quality control, maintenance, and supply chain applications, even if integration with physical processes takes longer.
On employment, the survey finds only a small share of businesses connecting AI deployments to workforce reductions. Early evidence points to AI being used to streamline tasks, raise productivity, or reassign work rather than to drive broad layoffs. That does not rule out future restructuring, but it implies near term adjustments are modest and targeted.
https://menafn.com/1110027218/New-York-Fed-Reports-Rise-in-AI-Adoption-Few-Layoffs