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Labor market could face a ‘white-collar recession,’ report finds

  • The U.S. job market is exhibiting fragmentation, with a surge in applications for desk-based jobs while demand for front-line and hourly roles is decreasing, as per a report from Employ Inc.
  • There are two distinct job markets emerging, one flooded with applicants and the other facing a shortage of talent, necessitating businesses to adapt their hiring processes to fit the evolving candidate market.
  • An overwhelming 82% of survey respondents anticipate a 'white-collar recession', with 66% feeling burnt out due to a stagnant market, particularly affecting desk-based workers more than front-line employees.
  • Desk-based employers are advised to streamline hiring procedures and focus on skills-based recruitment, while front-line employers should invest in recruitment marketing, training, and talent pipelines to navigate potential labor market changes ahead.

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