Veterans in the Labor Market: 2024 Update - Liberty Street Economics
The authors revisit previous findings that showed veterans have lower employment and labor force participation rates than comparable non-veterans.| Liberty Street Economics
The authors revisit previous findings that showed veterans have lower employment and labor force participation rates than comparable non-veterans.| Liberty Street Economics
To conclude our series, we present disparities in inflation rates by U.S. census region and rural status between June 2019 and the present. Notably, rural households were hit by inflation the hardest during the 2021-22 inflationary episode. This is intuitive, as rural households rely on transportation, and especially on motor fuel, to a much greater extent than urban households do. More generally, the recent rise in inflation has affected households in the South more than the national average...| Liberty Street Economics
Racial and ethnic earnings disparities have been salient features of the U.S. economy for decades. Between the pandemic-driven recession in 2020 and the rising inflation since 2021, workers’ real and nominal earnings have seen rapid change. To get a sense of how recent economic conditions have affected earnings disparities, we examine real and nominal weekly earnings trends for Asian, Black, Hispanic, and white workers. We find that average real weekly earnings have been declining in the pa...| Liberty Street Economics
As inflation has risen to forty-year highs, inflation inequality—disparities in the rates of inflation experienced by different demographic and economic groups– has become an increasingly important concern. In this three-part blog series, we revisit our main finding from June—that inflation inequality has increased across racial and ethnic groups—and provide estimates of differential inflation rates across groups based on income, education, age, and geographic location. We also use an...| Liberty Street Economics
In our previous post, we discussed how the labor market recovery—the “maximum employment” half of the Federal Reserve System’s dual mandate—featured not only a return of overall employment rates to pre-pandemic levels, but also a narrowing of racial and ethnic gaps in employment rates. In this post, we take up the second half of the dual mandate—price stability—and discuss heterogeneity in inflation rates faced by different demographic groups during the rise in inflation in 2021...| Liberty Street Economics
After forty-three months of forbearance, the pause on federal student loan payments has ended. Originally enacted at the onset of the COVID-19 pandemic in March 2020, the administrative forbearance and interest waiver lasted until September 1, 2023, and borrowers’ monthly payments resumed this month. As discussed in an accompanying post, the pause on student loan payments afforded borrowers over $260 billion in waived payments throughout the pandemic, supporting borrowers’ consumption and...| Liberty Street Economics
Disparities in wealth distribution by age have slightly narrowed since the beginning of the pandemic. This change was likely driven by expanded ownership of financial assets among younger Americans.| Liberty Street Economics
Wealth disparities between Black, Hispanic, and white households have been exacerbated since the pandemic, likely due to rapid growth in financial assets more often held by white individuals.| Liberty Street Economics
This post draws on the New York Fed’s Equitable Growth Indicators to highlight recent gender gaps in the labor market at the national and regional levels.| Liberty Street Economics
