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Even as the U.K. economy experienced a very shallow economic contraction last year, the labor market continued to add jobs. However, employment gains varied widely by industry. White-collar workers who mainly work at a desk, so called “sitting-down jobs,” are currently experiencing a much more difficult labor market than manual workers in “standing-up jobs,” meaning blue-collar occupations.
In this article we discuss how the U.K. economy is currently experiencing a white-collar recession.
The U.K. economy experienced a shallow contraction last year
2023 was quite a mediocre year for the U.K. Compared to 2022, GDP only increased by about 0.1%. Moreover,
