Jobs Grow in High-Wage Industries
Written by Your 5News Team
Last updated on August 03, 2014 @ 11:56PM
Created on August 03, 2014 @ 11:27PM
It's well known that it's hard to find a job in many industries right now. But last month gave some hope to those wanting to move out of the service industry.
It seems employers are gaining some confidence in the economic recovery, because some industries that had been hit hard by the recession saw significant growth for the second month in a row.
If you want a job in a higher-wage industry like business, construction or manufacturing, you might be in luck. For the second straight month, job growth in these industries outpaced their lower-paying counterparts. This is opposite from last year, where many economists said most of the job growth was in low-paying sectors like restaurants and retail.
"The number of services-sector jobs was considerably below the 12-month trend," said Bob Johnson, Financial Analyst for the investment
research company Morningstar. "Meanwhile, the construction jobs, the manufacturing jobs, the mining jobs were all above the trend of the last 12 months, maybe even double what the last 12-month trend has been."
Despite the gains, some of you want to see even more improvement in the economy.
"I think whenever we actually have less numbers of unemployment, I think, and whenever we actually see people spending more money in the community. I think right now, there's such a high unemployment rate that it's scary," said Randolph County resident Amethyst Corcoran.
The Bureau of Labor Statistics says the current unemployment rate is just over six percent.
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