From https://ritholtz.com/2026/03/10-friday-am-reads-487/

ADP Jobs Report Shows White-Collar Losses in February: The professional and managerial class is getting hit hardest in the latest hiring data. The college-educated job market continues to deteriorate even as GDP holds up. (Quartz) 

Checking on the Quartz article

The topline number — 63,000 private-sector payroll jobs added in February, for the best showing since July 2025 — appears, at first, to be good news.

But glancing even just a few lines down the report changes the story and brings something alarming into view, with the ADP table showing that professional and business services shed 30,000 jobs last month. This is the category encompassing lawyers, consultants, accountants, marketers, and administrative positions — a broad swathe of the white-collar knowledge economy, at least within this type of reporting.

 

The ADP report is gone, but it's available on archive.org

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