"Zoom in: The number of job listings in San Francisco declined 37% from February 2020 to October, according to new data from jobs site Indeed. Seattle had a 35% decline. Smaller markets, particularly those reliant on health care jobs, have remained more resilient. Zoom in: Small metro areas that saw gains had labor markets more weighted toward health care, and leisure and hospitality, says Allison Shrivastava, an economist at Indeed Hiring Lab."
"The big picture: Those two sectors accounted for more than 100% of net job gains in 2025 so far, Bloomberg recently reported. Between the lines: The white-collar pullback is also partly due to Trump administration's job cuts and the hiring freeze in place for much of the year. The Washington, D.C., area has seen a decline of 24% in job listings - driven also by the White House drive to cut headcount and a pullback in government contracting work."
Job listings in San Francisco fell 37% from February 2020 to October, and Seattle listings fell 35%. Smaller metro areas reliant on health care and leisure and hospitality have been more resilient and accounted for gains. Small metros that saw gains had labor markets weighted toward health care and leisure and hospitality. Those two sectors accounted for more than 100% of net job gains in 2025 so far. White-collar listings pulled back partly because of Trump administration job cuts and a hiring freeze. The Washington, D.C., area experienced a 24% decline driven by federal headcount cuts and reduced government contracting. The job market shows strong location-based variation.
Read at Axios
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