NBC News (12/30/13) Nia Hamm
Recent job gains and record highs in the stock market bode well for the economy, and many economists say job gains will continue into 2014. Thus far many of the new jobs have been in such low-wage sectors as retail, leisure, and hospitality. However, many economists say 2014 should see an increase in better-quality, higher-paying jobs.
“If we do see stronger manufacturing conditions, if we do see a stronger housing market, exports, that suggests…we [will] see the types of jobs shifting from these low-paid part-time jobs that characterized the economy for the past couple of years into the better-quality, full-time jobs,” says Sophia Koropeckyj, managing director for Moody’s Analytics.