Unemployed Office Workers Are Having a Harder Time Finding New Jobs
"A labor market that looks healthy in the headlines is, under the surface, weaker than it seems. The unemployment rate, at 4.2%, remains well below the average during the decade before the pandemic. But there is now just about one job posting per unemployed worker, down from two in early 2022. Strong hiring has narrowed to a thin set of industries. The government’s monthly jobs report on Friday will provide another snapshot of the market’s health."
"Job postings on Indeed for software development, data science and marketing roles were each at least 20% below prepandemic levels late last year, said Cory Stahle, an economist for the website. Government figures show that the hiring rate in the information industry is 30% lower than just before the pandemic, while finance hiring is down by 28%."
White collar work is dying in the US. We are in the midst of a paradigm shift, the white collar worker in the US in 2025 is like the manufacturing worker in the US in 1980.
The US is turning into a large hospital as the only sectors hiring are healthcare and government work.