where are the laptop jobs?
Can't Find A Job? It's Not You, It's White-Collar America
If it feels like the labor market is breaking up with you, you're not being gaslit; it's harder to find a white-collar job right now.
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The Lede
If you're struggling to find a job perhaps you can take solace in an age-old adage: It's not you. It's the labor market. Sure, you've experienced some high highs. The era of the Great Resignation and zero interest rates meant that corporate America was practically handing out jobs — and big pay raises, to boot. But that era is long gone.
Key Details
- While skilled vocational trades like health services and construction were both big drivers of job gains in August, sectors like information, which encompasses tech and white-collar fields, haven't fared as well.
- Job openings in the information sector fell by over 40,000 from July 2023 to July 2024; in July 2023, the job opening rate in information was 5%. By July 2024, it had tumbled to 3.6%.
- This tells us that the market for white-collar workers is a stayer's, not a seeker's, market.
