Bulk of U.S. Payroll Gain in Jobs Paying Less-Than-Average Wages

From Bloomberg.com:

Occupations paying below-average wages accounted for more than half of last month’s U.S. payroll increase, a dynamic that may restrain consumer spending and the economic recovery.

Retailers, the hospitality industry and temporary-help agencies accounted for 96,300, or 55 percent, of 175,000 jobs added in May, figures from the Labor Department showed today in Washington.

“It’s not just jobs, it’s the kinds of jobs we’re creating,” said Diane Swonk, chief economist at Chicago-based Mesirow Financial Inc. “We need to see more broad-based and even growth in the economy to see better jobs return. We’re still relying too much on the part-time and contingent workforce.”
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Link: http://www.bloomberg.com/news/2013-06-07/bulk-of-u-s-payroll-gain-in-jobs-paying-less-than-average-wages.html