US employment growth exceeded forecasts while the jobless rate ticked higher in September, illustrating a tenuous labor market that is unnerving American consumers.

U.S. job growth likely picked up moderately in September, while the unemployment rate held steady near a four-year high of 4.3%, consistent with sluggish labor market conditions that economists and policymakers have blamed on low supply and demand for workers.

Weakness among lower-income Americans could spread and "contaminate" other parts of the US economy, El-Erian warned.

A range of factors can influence the number of people receiving food stamp benefits in the short-term outside of improvements in the economy.

Tesla CEO Elon Musk believes his company’s forays into humanoid robotics and broader technological developments could lead to a drastic reshaping of the American and global economies.

Moody's economist Mark Zandi warns that the trend of deglobalization will act as a headwind that could offset the boost provided by AI next year.

President Donald Trump is counting on the tech sector and artificial intelligence to drive his economic agenda.