Unemployment Rates Have Dropped But It’s Not All Good News
Posted at 11:23 a.m. on March 18, 2014
Unemployment rates in 30 states have declined to their lowest levels since the end of the recession, but it’s not all good news.
Niraj Chokshi of The Washington Post points out “that those headline rates don’t reflect key problems with state labor markets. In the vast majority of states, long-term unemployment—a particularly intractable problem—is at or near record highs. In many states, the income gap between the poorest and richest has widened. And, as the Economic Policy Institute recently reported, low-wage workers in nearly every state have seen their wages drop (see chart below).”