An Uneven Recovery for Low-Income Families
Let’s start with the good news. With 2.95 million jobs created, 2014 was the best year of job growth in the United States since 1999.1 For 12 consecutive months, from March 2014 through February 2015, the economy added more than 200,000 jobs per month.2 Although there was a drop in jobs created in March 2015, the numbers have since rebounded.3 At 5.4 percent, April’s national unemployment rate was at its lowest level since April 2008.But there are some worrisome economic indicators for families in the bottom half of the income scale, particularly African Americans and Latinos. Although new job growth has occurred at all wage levels, it has been disproportionate in low-wage sectors, such as retail and food services, and in some of the lower-wage positions within health care and home care.5 And, a stagnating federal minimum wage has exacerbated low wages.