The white-collar jobs wipeout is getting worse |
White-collar market woes deepen with Wednesday's ADP payroll report
ADP's February payrolls report showed 30,000 jobs lost across the sector
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Discussions of headline numbers and breathless reporting on "job gains" is belying a stark trend in white-collar employment, as evidenced by Wednesday morning's ADP report.
The topline number — 63,000 private-sector payroll jobs added in February, for the best showing since July 2025 — appears, at first, to be good news.
But glancing even just a few lines down the report changes the story and brings something alarming into view, with the ADP table showing that professional and........