Morgan Stanley: AI-linked US job displacement lifted unemployment by up to 15 basis points

AI-driven job displacement in the United States remains limited but is becoming increasingly visible, Morgan Stanley economists said in a report cited by BlockBeats on Aug. 20. As of June 2026, AI replacement had raised the U.S. unemployment rate by at most about 15 basis points, up from 10 basis points in December 2025. Signs of displacement remain most pronounced among younger workers. A basis point equals one-hundredth of a percentage point.