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U.S. Conference of Mayors
Economic recovery marked by lower-paying jobs, analysis finds
Economic recovery marked by lower-paying jobs, analysis finds

The U.S. economy this year recovered all of the jobs lost during the recession, but the new jobs pay an average of 23% less than the ones lost in the downturn, according to a new analysis. Job losses in the higher-paying manufacturing and construction sectors largely have been replaced by jobs in lower-wage industries, including hospitality and healthcare, according to a report released Monday by the United States Conference of Mayors. "One of the really damaging things about this sluggish recovery is that wages have really not grown very much," said Chad Stone, chief economist at the Center on Budget and Policy Priorities, a Washington think tank that focuses on policies...

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