Oksana Koneva

Professional services keep growing while job losses persist, Ben Casselman notes

Professional services keep growing while job losses persist, Ben Casselman notes
Job losses and gains in August

Ben Casselman observes that job losses in information and financial services continued in August. However, he notes that professional services jobs have continued to grow, highlighting the lack of a consistent trend across white-collar industries.

Casselman recently reported that prime-age U.S. labor force participation rose in July but did not recover from June's sharp decline, according to Labor Department data. Earlier, he noted that U.S. grocery prices increased 2.7% over 12 months and have climbed more than 30% since early 2020, as outlined in his inflation coverage. These updates add broader context to current sector job trends.

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