There are a lot of things that “explain” inequality. Technology, finance, societal, and cultural changes have all played their part. In this series, Counterparties takes a look at the various things that correlate with rising income inequality in order to ascertain how we got to this economy and where we might go from here. For story tips/comments/complaints email us atCounterparties.Reuters@gmail.com.
What if the labor market America is actually much closer to a full recovery than we think? That’s the gist of a new post by Samuel Kapon and Joseph Tracy at the New York Federal Reserve. The authors examine the labor market’s employment-to-population ratio, which plummeted during the financial crisis and hasn’t recovered since, even as the economy has picked up steam.
The mancession continues. What seems like a step forward for women in the workplace is actually bad for both genders*.
Economists expected a gain of 180,000 jobs in September, while today’s Commerce Department data showed a gain of just 148,000 jobs. Here’s today’s disappointing results in chart form: