March 2011
What kind of jobs are being created?
Some recent studies suggest that the new jobs being created in our current economy pay less and offer fewer work hours than the ones they replaced since the current recession started.
Lower-wage industries like retail and food preparation accounted for roughly 23 % of the jobs lost during the recession, but only 49 % of the jobs gained over the last year.
Higher-wage industries accounted for 40 % of the jobs lost in the current recession, but add up to just 14 % of the new jobs gained. In other words, low paying jobs are increasing as a percentage of total jobs, while high-paying jobs are on the decline.
=====> Employment Trends - March 2011
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