College grads got the ‘good jobs’ during recovery
BUSINESS RECORD STAFF Aug 18, 2015 | 9:10 pm
1 min read time
138 wordsAll Latest News, Economic DevelopmentOf the 2.9 million “good jobs” created during the recovery from 2010 to 2014, 2.8 million, or 97 percent, have gone to workers with at least a bachelor’s degree, according to Georgetown’s Center on Education and the Workforce, Bloomberg reported.
Good jobs were defined as those with median annual earnings of more than $42,700 (in 2013 dollars), placing them in the top of three tiers according to wages of the occupations in which they’re classified.
The study also said that more of the good jobs have been created during the recovery than low-wage jobs that pay less than $25,800 a year or middle-wage jobs that pay between $25,800 and $42,700.
Both good jobs and low-wage positions have fully recovered from their recession losses, according to the report, while middle-wage jobs lag their pre-recession employment levels by nearly 1 million.
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