Spending & Earning
‘I Value Stability’: White-Collar Workers Cling to Current Jobs
US employees wary of the frozen labor market are staying put, leaving applicants looking for employment struggling to find open positions.
Some of the frustration among job seekers may have to do with a dramatic shift in expectations over a short period.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
This was supposed to be the year the white-collar job market got hot again.
Instead, job seekers are coming up empty-handed and employers are cutting at the fastest pace in years. Those with stable seats are mostly holding on tight.