The unemployment rate of American households increases as income decreases, which has been a trend since prior to the recession, according to a study from the Center for Labor Market Studies. While being unemployed for a period would automatically push a person down along the income segments, the income measure includes income from all household members and all sources, such as unemployment insurance, so those who lose their jobs aren’t likely to fall too far down the spectrum. [Finance]
Source: “Labor Underutilization Problems of U.S. Workers Across Household Income Groups at the End of the Great Recession,” Center for Labor Market Studies, Andrew Sum, Director, Northeastern University, 315 Holmes Hall, 360 Huntington Ave., Boston, MA 02115; 617-373-2242, a.sum@neu.edu; www.clms.neu.edu
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