GDP is growing, but white-collar hiring has stalled. New BEA/BLS data show that Finance, Insurance, Information, and Professional & Business Services jobs—40% of GDP—no longer grows with GDP. If this productivity shift sticks, it helps explain weak entry-level hiring despite GDP growth.

https://gadlevanon.substack.com/p/a-productivity-regime-shift-in-the?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmacro&stream=business