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265 The 'White Collar' Recession is Pummeling Office Workers

Slashdot
msmash @ Slashdot · 02/17/2025 14:15 EDT

The 'White Collar' Recession is Pummeling Office Workers

White-collar workers are facing their deepest hiring slump in a decade, with one in four U.S. job losses last year hitting professional workers, according to S&P Global. A 2024 Vanguard report shows hiring for employees earning over $96,000 has fallen to its lowest level since 2014. The downturn has been particularly severe for job seekers â" 40% of applicants failed to secure even a single interview in 2024, according to a survey of 2,000 respondents by the American Staffing Association and The Harris Poll

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