America's job market looks like it's approaching a tipping point, according to Moody's Analytics' top economist. Mark Zandi said he believes the labor market is approaching a situation that will likely lead to job losses stemming from AI. In a post on X, Zandi said that was his takeaway after Block, Jack Dorsey's fintech giant, axed 40% of its workforce last week, sending shares of the company up as much as 20%. Dorsey pointed to AI as part of the reason the company made the decision to slash