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Stock impact report

There’s Fierce Competition For White Collar Jobs With A Surge Of Applications [Forbes]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Forbes
Hiring for these positions has slowed down considerably. The rate for workers earning over $96,000 at its lowest since 2014 . There's fierce competition for white-collar roles, with a surge in applications, particularly in sectors like communications, media, and technology, leading professionals to apply for jobs outside their usual fields. Job security is another concern, with the quits rate dropping to the lowest since June 2020. Workers are now less likely to leave their current positions due to the scarcity of new opportunities The impact of AI and automation is seen as contributing to this " white-collar richsecession ", displacing workers in administrative, legal, and tech roles. Specific sectors like tech have experienced significant layoffs. However, the market isn't uniformly miserable; there are still opportunities in sectors like healthcare and government. While the job market for white-collar workers is challenging, outcomes can change due to the sector, your location, Show less Read more
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