Equitable Growth’s Jobs Day Graphs: February 2019 Report Edition
The prime-age employment rate was unchanged in February, reflecting the low growth of payroll employment in the labor market.
The unemployment rate for African Americans and Hispanics continues to be significantly higher than for whites, and appears to have trended upward slightly for African Americans in the past few months.
Wage growth was 3.4% over the year, picking up pace and getting closer to the target for a healthy labor market.
More workers are going directly into jobs after being out of the labor force, demonstrating how a tighter labor market brings people in off the sidelines.
Fewer workers are unemployed due to losing a job, as more workers enter unemployment voluntarily as they leave their jobs or re-enter the labor force.