Monday, April 28, 2014

U.S. job growth is coming in all the wrong places

As our colleague Ryan McCarthy wrote, America's economic recovery has a qualitative problem: Yes, employment is coming back, but so much of it is not good employment. According to a new analysis of Bureau of Labor Statistics data, the industries responsible for the most job creation over the last four years are also the industries that pay the least.
We're talking about jobs pushing retail (that's a $10.37 median hourly wage), answering phones ($13.33) and serving dinner ($9.48). Together, these three industries -- retail, administrative/support and food and drink services -- account for 39 percent of the gains in private-sector employment since the recovery ostensibly began four years ago, according to the analysis by the National Employment Law Project.
To put that job growth in perspective, this graph from the report illustrates why the "recovery" hardly feels like one for many people looking for more than low-wage work:

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/28/u-s-job-growth-is-coming-in-all-the-wrong-places/ 

No comments: