Underlying the jobs data from the US is an interesting shift in the sectors that are contributing to employment growth

James Marlay
James Marlay Livewire Markets

Underlying the jobs data from the US is an interesting shift in the sectors that are contributing to employment growth. Since 2000 there have been two distinct waves that have seen well paid, middle class manufacturing job virtually evaporate. Jobs have been steadily added to the economy, however, the resulting impact on GDP growth has been muted as the structural shift of employment has changed. This is illustrated in a really interesting and interactive graphic by Bloomberg (VIEW LINK)

jobs economy us

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