Fed Confirms What Tech Developers Have Feared for Two Years

Fed Confirms What Tech Developers Have Feared for Two Years

Fed Confirms What Tech Developers Have Feared for Two Years Price data byDecryptNewsArtificial IntelligenceFed Confirms What Tech Developers Have Feared for Two YearsA new Federal Reserve study links ChatGPT's launch to a sharp halving of U.S. programmer job growth—the first institutional-level evidence connecting AI adoption to measurable developer hiring declines.By Jose Antonio LanzEdited by Guillermo JimenezApr 27, 2026Apr 27, 20264 min readAI and job loss. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief A Federal Reserve study found US programming job growth dropped roughly 50% after ChatGPT launched in November 2022. Researchers estimate roughly 500,000 developer jobs that would have otherwise existed were never filled. The employment gap didn't appear until mid-2024—a

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