⚠️White-collar recession in the US continues

The US professional and business services job sector has been shrinking for 1.5 years

Author

Global Markets Investor
February 17, 2025

The US professional and business services sector has lost 248,000 jobs since May 2023.

Jobs have dropped for 17 months straight, the longest stretch since the Great Financial Crisis.

The hiring rate in the sector has dropped from 6.4% in 2021 to 4.3% in December, the third-lowest since in 15 years.

White-collar hiring levels are now even lower than during the 2020 Crisis.

In the past, such a weakness has never occurred outside a recession.

Full analysis of the recent US labor market trends below:

!!️The US job report for January was a complete mess

Despite the last two months' positive revisions, the US job market is likely to deteriorate further

globalmarketsinvestor.beehiiv.com/p/the-us-job-report-for-january-was-a-complete-mess

If you find it informative and helpful you may consider a paid subscription (or annual if subscribed), become a Founding Member, and follow me on Twitter or Nostr: