Discussions of headline numbers and breathless reporting on "job gains" is belying a stark trend in white-collar employment, as evidenced by Wednesday morning's ADP report. The topline number — 63,000 private-sector payroll jobs added in February, for the best showing since July 2025 — appears, at first, to be good news. But glancing even just a few lines down the report changes the story and brings something alarming into view, with the ADP table showing that professional and business services shed 30, ...