I think we all get the sense that we’ve been in a white collar job recession for the past 2-3 years. Job posting data from Revelio Labs shows decline of volume of all job groups, but especially so in white collar vs blue collar jobs, leading the additional effect on wages. US data, but similar things happening in UK, REC & KPMG data here. Job posts do not tell the whole story though, because it could also mean employers are shifting their hiring approach away from job advertising - we really need to corroborate with payroll data. Bottom line: external macro remains extremely tough. NB: doing State of the Labour market with Adzuna next month - register here
