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July 17, 2006

Good news on jobs

When it comes to jobs, people are mainly concerned about two things: Are jobs available, and what do they pay? N.C. State University economist Mike Walden says that there's good news about the latter concern.

"A recent analysis done by a major bank in the U.S. looked at all the jobs in the U.S. and divided them very simply into two groups: those that are paying above average in terms of salaries and wages and those that are paying below average," explains Walden, a professor in the Department of Agricultural and Resource Economics.

"What they found was that in the last year the jobs that are paying an above-average salary have been increasing twice as fast as the jobs paying a below-average salary," he says.

"I think this is good news for two reasons: I think, number one, it’s simply good news that people know there are jobs out there -- and a lot of good paying jobs.

"But," he concludes, "I think also it indicates this shift that we think has been going on in our economy -- and it is indeed going on -- where we are seeing the types of jobs shifting more to those that require more skilled and more education but which also pay more."

Posted by deeshore at July 17, 2006 08:00 AM

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