From 2011 to 2016, the U.S. economy has added 12.2 million new jobs, marking a 9 percent increase in employment. The United States now has more than 140 million jobs nationwide, with high-paying occupations making up 37 percent of the labor market.
According to a recent study, most of the newly added jobs are concentrated in the nation’s largest urban centers. New York created 740,000 employment opportunities in the past five years, while Los Angeles is responsible for adding 600,000 new jobs.
In terms of wages, the study indicates that more low-wage jobs were created than middle- or high-paying jobs. The highest-paying jobs are in New York, San Francisco, and Boston, whereas most lower-paying jobs are concentrated in Texas and Florida. Provo, in Utah, accounts for the highest growth in high-paying and middle-wage jobs. Low-wage jobs are considered to be those that pay $13.83 an hour or less, middle-wage jobs pay between $13.84 and $21.14 an hour, and high-paying jobs offer more than $21.14 an hour.
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