Full Citation

Title: The unemployment rate for the bottom quartile of Americans is 23%

Citation Type: Miscellaneous

Publication Year: 2021

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Abstract: The national unemployment rate fell to 6.3% in January, but the Federal Reserve says that the unemployment rate for the lowest wage quartile of workers is closer to 23%. An analysis from the Fed using ADP payroll processing data shows that when dividing the labor force into four quartiles by hourly wages, the top-earning quarter has almost fully recovered its employment losses during the pandemic.

Url: https://finance.yahoo.com/news/the-unemployment-rate-for-the-bottom-quartile-of-americans-is-23-183144983.html

User Submitted?: No

Authors: Cheung, Brian

Publisher: Yahoo! Finance

Data Collections: IPUMS USA, IPUMS CPS

Topics: Labor Force and Occupational Structure

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