Last 12 months of job growth concentrated in lower-wage jobs than those lost

[Hannah Bell]

In this data brief, we draw on recent revisions to employment data released by the Bureau of Labor Statistics in order to assess job loss and job growth trends during and after the Great Recession, and compare those trends to the 2001 recession...
In the private sector, there is a striking imbalance between where the recession’s job losses occurred, and where the growth of the past 12 months was concentrated:

*Lower-wage industries constituted 23 percent of job loss, but fully 49 percent of recent growth
*Mid-wage industries constituted 36 percent of job loss, and 37 percent of recent growth
*Higher-wage industries constituted 40 percent of job loss, but only 14 percent of recent growth

The current recovery looks worse than the “jobless” recovery of the 2001 recession, on several fronts:

*After a year of positive job growth, the private sector after the 2001 recession had recovered almost half (47 percent) of the jobs it had lost. By contrast, to date the private sector has recovered only 14 percent of the jobs it lost during 2008 and 2009.
*The early job growth following the 2001 recession was more balanced than the early job growth following the 2008 recession, with significantly more growth in higher-wage industries.



http://www.nelp.org/page/-/Justice/2011/UnbalancedGrowthFeb2011.pdf?nocdn=1

[iwishiwas]

1. So, less tax revenue. More hardship for families. What a mess.

[Name removed]

2. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Skittles]

3. it's a republican wet dream

[madmax]

4. We're winning

the race - to the bottom. :(

[xchrom]

5. recommend

[xchrom]

6. dispropotionately lower wage jobs added during recovery

http://www.nelp.org/


Unbalanced Growth: Industries, Wages, and the First 12 Months After the Great Recession

NELP’s new report shows that while the U.S. added more than one million private-sector jobs during the last 12 months, they were disproportionately concentrated in mid- and lower-wage industries -- unlike the early recovery following the 2001 recession. Read More

[SpiralHawk]

7. "You smelly American proles can just STFU." - Republicons

"Can't you see you are disturbing us Republicon eeleetes while we are busy strategerizing our next move to SUCKER you into TeaBagging for us. So STFU, and turn on Rush, Hannity, and your Fox Propaganda channel right now. Sneer."

- Republicons