According to a new analysis released by the Federal Reserve Bank of New York, America’s economy has finally begun to create more middle class jobs. The report indicates that between twenty thirteen and twenty fifteen, employers added nearly two point three million workers earning between thirty thousand dollars and sixty thousand dollars a year, primarily in fields like construction, social services, transportation and education.
In terms of middle income job creation, that was far better than the twenty ten to twenty thirteen period, when a larger fraction of positions was emerging from occupations like food preparation and home health.
During the twenty thirteen to twenty fifteen period, the nation added nearly one point five million jobs that pay more than sixty thousand dollars per annum, and one point six million jobs in categories that pay less than thirty thousand dollars annually.
Of course, some communities are faring better than others. As pointed out by writer Nelson Schwartz, while many cities along the East and West Coasts like Washington and Seattle have become prolific job creators, parts of the Midwest and South have not experienced similar improvements.
