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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.
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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.