Hiring in high-wage sectors like tech, finance, engineering, and architecture has slowed significantly, a troubling indicator that pandemic business interruptions could turn into a long-term recession.
As of last Friday, job postings are 27% below last year’s trend for high-wage jobs but just 13% below trend for low-wage jobs, according to data from Indeed, a jobs website. High-wage jobs are those that offer approximately $50,000 or more annually.
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