The recovering U.S. jobs market is somewhat unbalanced, with more positions going to those at the top and bottom of the income spectrum, economists report.
Analysis by multiple firms suggests that middle-income Americans are receiving a disproportionately small number of new jobs, Bloomberg reports. This trend has been ongoing since February 2010, as income gains have struggled and consumer spending has increased slowly, according to the news source. This may have a variety of effects, such as slowing inflation in the coming years.
The highest-paying 15 percent of jobs have accounted for about 20 percent of employment growth since February 2010, while another 46 percent of job growth went to those with average earnings below 60 percent of workers.The remaining one-third have gone to middle-income Americans, who account for 40 percent of employees.
This imbalance may impact the housing preferences of Americans. Experts told the news source that middle-income individuals are less willing to take on debt than in the past, and this may contribute to a preference for renting, benefiting rental property management companies and investors.