New Century Advisors
Boutique economic advisory; warned 2026 US jobs collapse signals structural AI-driven shift.
Last refreshed: 28 March 2026
Is February's jobs shock a blip or the start of an AI-driven structural collapse?
Latest on New Century Advisors
- What is New Century Advisors?
- A boutique US economic advisory firm specialising in macroeconomic research and fixed-income strategy for institutional investors.
- What did New Century Advisors say about the 2026 jobs report?
- The firm warned that February 2026's -92,000 nonfarm payrolls (against +50,000 consensus) signalled structural weakness from AI-accelerated restructuring, not a statistical anomaly.Source: New Century Advisors
- Is the US job market collapsing in 2026?
- US nonfarm payrolls fell 92,000 in February 2026. Unemployment rose to 4.4%. New Century Advisors argued this reflects structural AI-driven change, not a normal cyclical slowdown.Source: BLS / New Century Advisors
Background
A boutique economic advisory firm based in the United States, New Century Advisors specialises in macroeconomic research and fixed-income strategy for institutional investors. Its principal analysts are frequently cited in the financial press on labour market dynamics and Federal Reserve policy.
New Century Advisors provided one of the sharpest readings of the 2026 US labour market deterioration, warning that the February jobs report, -92,000 nonfarm payrolls against a consensus estimate of +50,000, signalled structural weakness rather than a statistical anomaly. The firm's analysis distinguished between cyclical slowdown and what it characterised as an AI-accelerated restructuring of White-collar employment.
The firm's positioning in the AI/jobs debate is notable for bridging the gap between Wall Street macro analysis and the technology displacement literature. Where NBER and Oxford Economics measure whether AI actually destroys jobs, New Century focuses on how the perception of AI disruption is already changing hiring and investment behaviour, regardless of measured displacement.