Employment growth is one of the most fundamental aspects of a strong economy. Yet not all jobs are created equal. Some pay generously and offer desirable working conditions, while others do not. A study by Federal Reserve Bank of St. Louis economist Christopher H. Wheeler examined the growth of high-paying ("good") and low-paying ("bad") jobs across a sample of 206 metropolitan areas in the United States. This study suggests that the nature of jobs held by workers influences a variety of economic and social outcomes.
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Fed in Print: An index of the economic research conducted by the Fed.