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Measured by creation of good jobs, today s recovery stands alone
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America fought the pandemic economy — and won
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Living-Wage Employment Continues to Exceed Pre-Pandemic Levels
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More Americans in Living Wage Jobs for Third Straight Month, says Ludwig Institute Functional unemployment drops to lowest level in 18 months
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WASHINGTON, May 20, 2021 /PRNewswire/ More American workers continue to move into living-wage jobs, with the percentage of Americans classified as functionally unemployed dropping to the lowest level since December 2019, according to the Ludwig Institute for Shared Economic Prosperity (LISEP).
In its April True Rate of Unemployment (TRU) report, LISEP s analysis indicates that the percentage of Americans classified as functionally unemployed – defined as seeking, but unable to find, full-time employment that lifts them over the federal poverty line – has dropped for the third consecutive month and now stands at 23.1%. This is a 1.6 percentage point improvement over March, the largest percentage drop since 1995 (when TRU began to be calculated). This is the lowest TRU since 2
The US just had its best quarter for wage growth in 20 years - but especially for white people
Business Insider India 2 days ago Ayelet Sheffey © Valerie Macon/AFP/Getty Images The US just had its best quarter for wage growth in 20 years - but especially for white people
The first three months of 2021 were the best quarter for wage growth since at least 2001, per BLS data.
But weekly median wages for white Americans were 42% higher than Black Americans over this period, Axios reports.
And with some economists concerned about inflation risk, wages and prices are rising together.
With vaccinations ramping up across the country and the economy reopening, people s wages are going up. America hasn t seen this kind of wage growth in 20 years.