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September 17, 2013

'One part of America is in depression'

  • New data show a big gap in the jobless rate between rich and poor as middle-income workers take lower-wage jobs and displace lower-skilled, low-income workers.
    • By HOPE YEN
    Associated Press

    WASHINGTON — 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, according to an analysis of government data conducted for The Associated Press.

    Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression.


     
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