Equitable Growth’s Jobs Day Graphs: October 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 September. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.
The employment rate for prime-age workers reached a new high for the recovery. But that’s still below pre-recession levels.
Comparing this recovery to previous ones, the growth in the prime-age employment rate has been relatively weak.
Unemployment has been declining over the course of the recovery, but it’s worth looking at the large inequality in the rate by race and ethnicity.
Part-time unemployment for economic reasons hasn’t changed much in recent months and is still above pre-recession levels.
Nominal wage growth for production and nonsupervisory workers is picking up, but low inflation is what is driving real wage growth.