For most workers, real wages have barely budged for decades
For most U.S. workers, inflation-adjusted wages have been flat or falling for decades, regardless of whether the economy has been adding or subtracting jobs. The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.
How’s the job market? Ups, downs of public sentiment mirror official stats
Americans have a good general sense of the relative strength of the job market, even if they’re fuzzy on specifics such as the unemployment rate.
Hispanics only group to see its poverty rate decline and incomes rise
Hispanics are the only major racial or ethnic group to see a statistically significant decline in its poverty rate, according to 2013 Census Bureau figures released this week
The nation’s wealth recovers, but largely for those at the top
The nation’s aggregate wealth continues to show signs of recovery, but that wealth recovery has been concentrated on the wealthiest Americans. Meanwhile, the aggregate net worth for America’s economic middle is actually declining.
Americans have dim view of trade’s impact on jobs and wages
While 68% of Americans say trade is good for the country, they hold starkly different views than people in other countries around the world when it comes to the supposed benefits of international commerce: job creation and higher wages.
Global Public Glum About Economy
In most of the 44 countries surveyed, people say their country is heading in the wrong direction and that economic conditions are bad. Only in developing economies is there some semblance of satisfaction with economic performance.
Who makes minimum wage?
Perhaps surprisingly, not very many people earn minimum wage, and they make up a smaller share of the workforce than they used to.
56% of Americans Believe They Are ‘Falling Behind’ Financially
Public views of the job market have improved modestly, but overall economic optimism remains limited. Many say their incomes are falling behind the cost of living and 45% have experienced a serious financial hardship.
For Labor Day, a look at the state of underemployment
Although the official unemployment rate was down to 6.2% in July, many economists and other analysts have concluded that that measure doesn’t fully capture what’s happened to the U.S. economy since the Great Recession officially ended in the summer of 2009.
Modest Improvement in Views of Economic News
Amid recent reports on the U.S. unemployment rate and gross domestic product, public views of economic news have improved modestly since February.