Economic

The Federal Reserve Bank of New York’s page The Labor Market for Recent College Graduates has a number of graphs related to employment for recent and not so recent grads. For example, their graph here is the percent that are underemployed defined as The underemployment rate is defined as the …

The U.S. Bureau of Labor Statistics has an interactive graph of unemployment for cities from Jan 2020 to Jan 2021. Unemployment rates were higher in January 2021 than a year earlier in 376 of the 389 metro areas, lower in 9 areas, and unchanged in 4 areas. The largest over-the-year …

The Our World in Data article How much economic growth is necessary to reduce global poverty by Max Roser (2/15/2021) includes the graph copied here. Note that all countries incomes are adjusted for price differences so it is fair comparison from county to country. It is easy to forget how …

The EPI article, Wages grew in 2020 because the bottom fell out of the low-wage labor market, by Elise Gould and Jori Kandra (2/24/2021) provides insights into changes in the labor market this past year. Key find: Wages grew largely because more than 80% of the 9.6 million net jobs …

The EPI article Wages for the top1% skyrocketed 160% since 1979 while the share of wages for the bottom 90% shrunk by Lawrence Mishel and Jori Kandra (12/1/2020) reports: As Figure A shows, the top 1.0% of earners are now paid 160.3% more than they were in 1979. Even more …

It depends on what we mean by poverty.  The World Bank blog post A quarter of the world lives in societal poverty by Marta Schoch, Dean Mitchell Joliffe, & Christoph Lakner (12/2/2020): Measures of absolute poverty, such as poverty at the US$1.90, US$3.20 and the US$5.50 international poverty lines, have the advantage of …

The U.S. Bureau of Labor Statistics has a Graphics for Economic News Releases page. The graph copied here is median usual weekly earnings of full-time wage and salary workers. Most of the patters are not a surprise, such as men earning more than women.  What may be new here is …

To address this question we start with a recent post by Kevin Drum (10/23/2020): Are Black Homeowners Suffering from Slow Price Growth? There’s no question that homes in majority-Black neighborhoods are undervalued compared to similar homes in majority-White neighborhoods, but do they also appreciate more slowly? The article goes through …

At the end of August I posted about the number of manufacturing jobs in the U.S in the post How many people are employed in manufacturing? The Census Bureau has a recent post, Manufacturing Still Amon Top Five U.S. Employer by Adam Grundy (10/2/2020) that adds some context. Manufacturing is …

The Census Bureau post Even Short-Term Spells of Poverty Lower School-Aged Children’s Involvement in Extracurricular Activities by Brian Know (9/23/2020) quantifies the challenges of students  due to even temporary spells of poverty. The percentage of children ages 6 to 11 taking lessons was significantly different between those who were in …