Labor & Economic News Blog
Tuesday, April 10, 2012
A Check on Job Market EuphoriaA Check on Job Market Euphoria
Gary Burtless discusses the Bureau of Labor Statistics March jobs report, which shows the country is making little progress toward full employment. The unemployment rate fell because fewer jobless workers were seeking a job, not because more Americans found one, Burtless says, and this mediocre report may signal the start of slower growth
Inequality in America and the Incomes of the Super RichInequality in America and the Incomes of the Super Rich
Scott Winship provides a visualization of inequality in America, giving perspective on just how much the incomes of the super rich dwarf those of average Americans. Winship questions, though, what this inequality means for the economic mobility prospects of the middle class, noting that the incomes of the super rich may be tangential to the lives of most Americans.