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The market for many types of white-collar professional workers is bad. The overall U.S. job market is pretty healthy. There is less of a contradiction here than it might seem.
The big picture: These are gloomy times for many office workers — their employers shedding payroll, their livelihoods threatened by AI. But the jobs seemingly under the greatest threat right now amount to a small share of overall employment.
State of play: Cumulative employment in financial activities, information and professional and business services peaked in April 2023 and has fallen 2% since then. Employment in all other sectors is up 3.7% in that span.
