Know The Difference Minute

According to Indeed, companies are posting fewer jobs, particularly for white-collar roles in software, human resources, banking, and finance. 

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Welcome to the Know the Difference Minute for Thursday, April 27th.
Fed Chairman Jerome Powell shared that one of the byproducts of getting inflation under control would be pain in the job market.
Just today, DropBox announced a 16% workforce reduction. Add it to recent moves by Disney, Meta, BuzzFeed, Lyft, Whole Foods and Deloitte.
Much of it depends on the type of job. According to Indeed, companies are posting fewer jobs, particularly for white-collar roles in software, human resources, banking, and finance. This could be a sign the market is slowing for higher wage earners and the professional class. Software development listings have seen the steepest drop, falling over 55% in April from a year ago.
However, employers in leisure, hospitality, restaurants, or retail, are still hiring to meet strong demand.
The next job listing and labor turnover report drops next Tuesday.
I’m Dave Spano from Annex Wealth Management. That is your Know the Difference Minute.