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23 February 2026

Signs of a white-collar recession are everywhere

Catherine Baab

Slowing wage growth. Declining job openings. Unemployed workers giving away their LinkedIn passwords and forking over thousands of dollars per month for a shot at that elusive thing: a lucrative corporate job. Or just a job, period.

Beneath the headline employment numbers in BLS reports, the signs of a white-collar recession are mounting. Here's what to know.

Contracting white-collar growth

Last week’s jobs report showed key trends. According to the BLS, the economy added more than 130,000 jobs total, including 82,000 jobs added in health care and a further 42,000 in related care work — think nursing home staff, home health aides, and childcare workers.

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