CDI Corporation

Middle-wage jobs are on the rise again, report finds

A new analysis has indicated that middle-class jobs are on the rebound, according to the Federal Reserve Bank of New York.

From 2013 to 2015, the U.S. economy added close to 2.3 million jobs with an annual pay range between $30,000 to $60,000, reported Fortune. These middle-income positions were added mainly in the construction, transportation, social services and education fields.

Some 800,000 more positions were created in the middle-income bracket than those created by both lower- and higher-wage jobs.

Following the Great Recession, many middle-wage jobs vanished and very few were recovered. As such, those who had lost their jobs found it difficult to return to the workforce in any type of similar position, according to data from the Federal Reserve Bank of New York.

“The tide has begun to turn,” said president of the New York Fed William Dudley. “For the first time in quite a while, we are seeing gains in middle-wage jobs actually outnumber gains in higher- and lower-wage jobs nationwide.”

The strong report is an indicator to many that more opportunities for middle class families will soon be available.