A study conducted by the Georgetown University Center on Education and the Workforce shows that, of the 6.6 million jobs that the economy has created since 2010, 2.9 million of them were “good jobs.”
The study defines good jobs as those that pay over $53,000 annually. Most of these tend to be full time with both health insurance and retirement plans. Of these 2.9 million jobs, 2.8 million have gone to college graduates.
There has also been growth in the middle-wage ($32,000 – $53,000) and low-wage (less than $32,000) job sectors with an additional 1.9 million and 1.8 million jobs created, respectively.
Most of the growth in high-wage jobs has come from managerial, STEM, and healthcare professional occupations; middle-wage jobs saw recovery in “occupations that make up the blue-collar cluster; and low-wage jobs were in food and personal services, sales, and office support.
Despite the numbers, only high-wage and low-wage jobs have seen full recovery. The middle-wage tier still needs to see an additional 900,000 jobs before it reaches pre-recession levels.