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There are many domestic factors affecting the U.S. labor force and employment levels. These include: economic growth; cyclical and structural factors; demographics; education and training; innovation; labor unions; and industry consolidation [2] In addition to macroeconomic and individual firm-related factors, there are individual-related factors that influence the risk of unemployment.
An example of the slowdown in education growth in America (that began about the same time as the Great Divergence began) is the fact that the average person born in 1945 received two more years of schooling than his parents, while the average person born in 1975 received only half a year more of schooling. [29]
Job growth by US president, measured as cumulative percentage change from month after inauguration to end of term [149] Panel chart illustrates nine key economic variables measured annually in 2014–2017. The years 2014–2016 were during President Obama's second term, while 2017 was during President Trump's term.
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.
Blockbuster job growth continues to power the U.S. economy, with the Bureau of Labor Statistics reporting 303,000 payrolls added in March. Usually, such strong growth might signal that inflation ...
According to EIG, which uses US Census Bureau data to sort districts by economic well-being, roughly 52 million Americans live in a "distressed" zip code. That's up from 50 million in 2018 .
Income inequality was the largest driver of the change in the poverty rate, with economic growth, family structure, education and race other important factors. [ 131 ] [ 132 ] An estimated 11.8% of Americans lived in poverty in 2018, [ 133 ] versus 16% in 2012 and 26% in 1967. [ 134 ]
According to a 2007 study by the US Treasury Department, Americans concerned over the recent growth in inequality (after-tax income of the top 1% earners has grown by 176% percent from 1979 to 2007 while it grew only 9% for the lowest 20% [4]) can be reassured by the healthy income mobility in America: "There was considerable income mobility of ...