Jobs and unemployment

[bayonetbrant]

Airboy, any chance you could weigh in on this?

Here's a really important chart from the National Employment Law Project, spotted by FT Alphaville's Cardiff Garcia.

It's from a report called "The Low-Wage Recovery: Industry Employment and Wages Four Years into the Recovery." It plots median hourly wage in 2013 dollars in about two dozen different sectors against the net change in employment from Feb. 2010 to March 2014 in those sectors.

Right away, you'll notice the data slope downward, meaning payroll growth in higher-wage jobs has not kept up with growth in lower-paying ones. BI's Mamta Badkar expanded on this point, here.

But when we look at the bubbles furthest to the left — meaning the sectors with the greatest absolute job losses — what do we see? Government gigs.