Employment
Employment
Industry Type
Wage Growth
• Job growth is an important indicator of a region's economy that shows the opportunity for employment • Unemployment levels tell where people may be left behind in the labor market or have been impacted by economic downturns
• Industries tend to cluster around others in similar fields in regions already seeing success • A region with diverse industries is more likely to better recover from economic setbacks • The wages attributed to each type of industry can vary a lot and deeply affect the region's economic health
• It is vital in a healthy economy for a worker's rate of pay to, at the very least, keep pace with inflation and the cost of living
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