The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

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The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

https://www.nbcnews.com/business/economy/april-2024-us-jobs-report-labor-market-rcna150239

The evidence can be found in the data, which shows higher unemployment for workers in business services and a lower one for people who work in manufacturing.

The U.S. labor market is shifting toward skilled labor as white-collar hiring slows

The evidence can be found in the data, which shows higher unemployment for workers in business services and a lower one for people who work in manufacturing.

America's job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a flagging interest in hiring more "knowledge-based" professionals.

The evidence can be found in the data, which shows a higher unemployment rate for professional and business services workers, and a lower one for people who work in manufacturing.

"It's a buyer's market for brain and a seller's market for brawn," said Aaron Terrazas, chief economist at the jobs and workplace search site Glassdoor.