Latest Job News Not Very Promising
COLUMBIA, S.C. (CNN) – If you’re combing the classifieds or scouring online job postings, you might not find the latest job news very promising. More than half of the new jobs created during the recent economic recovery have been low-wage positions. That’s according to a new report by the National Employment Law Project. The jobs pay $13.83 an hour or less … and include positions in retail sales, food service and manual labor. Some 60% of the jobs lost during the down-turn were mid-wage jobs, which paid between $14 and $21 an hour. One research director said the findings reinforce “America’s good job deficit.” The findings back up a Department of Labor report that showed more than half of workers who lost jobs during the recovery and found new ones were working for lower wages.