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In macroeconomics, the secondary sector of the economy is an economic sector in the three-sector theory that describes the role of manufacturing. It encompasses industries that produce a finished, usable product or are involved in construction .
Sometimes, secondary jobs are performed by high school or college students. The majority of service sector, light manufacturing, and retail jobs are considered secondary labor. [1] Secondary market jobs are sometimes referred to as “food and filth” jobs, a reference to workers in fast food, retail, or yard work, for example. [2]
The dual labour market (also referred to as the segmented labour market) theory aims at introducing a broader range of factors into economic research, such as institutional aspects, race and gender. [1] [citation needed] It divides the economy into two parts, called the "primary" and "secondary" sectors. The distinction may also be drawn ...
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
The U.S. economy added 142,000 jobs last month, falling short of forecasts, while the unemployment rate dipped to 4.2%. Private-sector hiring totaled 118,000, but the three-month moving average ...
Pages in category "Secondary sector of the economy" The following 33 pages are in this category, out of 33 total. This list may not reflect recent changes. ...
Yet the average hourly wage for all private-sector workers rose 4.4% in January from a year earlier, down from recent prior months when earnings were increasing at an annual rate of well above 5%.
However, one sector of jobs seems to be ironclad: The U.S. government. Federal workers are very rarely fired or laid off and have more protections, according to a new article in the Washington ...