Let's take a look at where some of the previously unemployed have found jobs and how their incomes have fared when making that transition. The obvious candidate for discussion is construction. Not only does this sector have the highest unemployment rate (17.2%) of the major industry sector classifications used by the Bureau of Labor Statistics but it also has relatively high wages and low educational requirements compared to other industries.
Considering the loss of high-paying construction jobs and the growth in low-paying service jobs, it's no surprise that average wages in the U.S. are barely growing. In fact, it turns out that many workers (especially construction workers) are seeing big pay cuts....598 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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