Equitable Growth’s Jobs Day Graphs: August 2016 Report Edition
Earlier this morning, The U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of June. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.
The share of prime-age workers is on the rise, but still significantly below its pre-recession level.
The pace of recovery in the prime-age employment rate is weak when compared to previous recoveries.
Wage growth is higher than it was earlier in the recovery, but it remains relatively weak and is mostly driven by low inflation.
Part-time employment for economic reasons has yet to return to its pre-recession level.
The sub-5 percent unemployment rate hides a significant amount of variation in unemployment by race and ethnicity.