Job growth hit a 5-year high in April, despite the slightly higher U.S. unemployment rate, which furthers beliefs that the economic recovery will continue to pick up speed throughout 2011 and the unemployment rate will resume its downward pattern in May. But as more and more job seekers are finding work, more and more of the workforce are realizing their dissatisfaction with wages.
Luckily for them, a recent analysis of emerging labor trends points to growing wages in the months to come. This growth, however, will be closely tied to job growth - and other indicators of an improving U.S. economy - and will likely be limited to specific industries, including Finance & Accounting.
But before you consider making a career switch into finance simply for the higher pay, you may want to think about whether your sole motivation for doing so is the potential pay check. After all, higher wages may be coming your way next.
-The Finance Whisperer