The Other Side Of The Job Growth Number | 101 KXL

The Other Side Of The Job Growth Number

Written by Steve Leader on May 2, 2014
Economy

The government says the 288,000 jobs were added in the U.S. last month.  The Labor Department says it’s the biggest such number in over two-years.

Another important number is this:  According to Marketwatch.com, about half of the gains in private sector jobs in the past year were in lower wage industries.

Troy Reinhart, with Northwest Quadrant Wealth Management in Bend, says that will continue to be a problem for some time.  He says it is structural, partly related to the kinds of jobs people are going to school to be trained for.

According to Reinhart, overall, the economy is, “moving in the right direction.”

Photo courtesy: Associated Press

Posted Under: Business News, Local Headlines

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