Economy Creating Higher-Paying Jobs

In another
bright spot for job creation, a UBS analysis finds that the majority of the
jobs created over the last two months have paid well. Some 257,000 new jobs are
in high-wage and mid-wage industries, with 210,000 in lower-wage sectors. This
is a shift from past job creation in the recovery from the Great Recession,
when many jobs were in lower-paying fields like the service industry and
in-home healthcare.

In addition,
one sector that has sent many jobs overseas is beginning to return home. Call
centers are returning to the US due to rising overseas labor costs, customer
complaints about poor service, and changes in technology.

Additional
Reading:

USA Today and the Detroit
Free Press
have reports.

Chief economist for the National Federation of Independent Business (NFIB) William C. Dunkelberg, issued the following statement on July’s job numbers, based on NFIB’s monthly economic survey.