Contact Us

Unemployment Rates Between America’s Richest And Poorest Families At Its Widest Level

David Ramos, Getty Images
David Ramos, Getty Images

WASHINGTON (AP) — The gap in employment rates between America’s highest and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago.

That’s according to an analysis of government data conducted for The Associated Press.

The analysis shows that U.S. households with income of more than $150,000 a year have an unemployment rate of 3.2 percent, a level traditionally defined as full employment.

At the same time, middle-income workers are increasingly pushed into lower-wage jobs. Many of them in turn are displacing lower-skilled, low-income workers, who become unemployed or are forced to work fewer hours.

Rates of unemployment for the lowest-income families have topped 21 percent.

Harvard economist Richard Freeman says the findings show that people at the bottom will continue to be financially squeezed.

More From WIBX

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wibx950.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WIBX 950 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on WIBX 950 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!