JPM: Variables to determine an NBER recession… still pretty decent; White-collar employment is weakening significantly

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There are signs of weakening in white-collar employment. Recent reports indicate that while overall job growth remains strong, the growth in white-collar jobs, particularly in professional and business services, has slowed significantly. This sector has added fewer jobs compared to previous years, and high-income job hiring rates have dropped to their lowest levels since 20143.

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Sources:

www.usatoday.com/story/money/2024/04/11/cpi-report-white-collar-hiring-slows/73270352007/

www.foxbusiness.com/economy/white-collar-workers-struggling-find-job-labor-market-slows


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