Job Market Monitor
Household Income
The Distribution of Household Income in US, 2015 – Average of $20,000 for the lowest quintile and $292,000 for the highest quintile
In 2015, household income was unevenly distributed: Households at the top of the income distribution received significantly more income than households at the bottom of the distribution. In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest quintile and $292,000 for the highest quintile. After transfers and … Continue reading
US – How are real incomes rising even as real wages are flat?
Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from the Census Bureau showed us that the median household income has risen to $61,370 in 2017, a 1.8 percent increase even after … Continue reading
The Distribution of Household Income in US, 2014 – Average of $19,000 for the lowest quintile and of $281,000 for the highest quintile and getting worse
In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000. What Are the Trends in Household Income and Income Inequality? According to the agency’s estimates, average household income before transfers … Continue reading
Canada, 2016 Census – 10.8% increase in median total household income in 10 years
The median total income of Canadian households rose from $63,457 in 2005 to $70,336 in 2015, a 10.8% increase. Today, Statistics Canada is releasing data from the 2016 Census on the incomes of Canadians. This release presents incomes of Canadians as measured in 2015, and looks at trends over the 2005-to-2015 period, a decade of significant income growth and economic change. Chosen excerpts by Job Market … Continue reading
US household income falls as gap between rich and poor widens
State and local governments have run out of funds from the 2009 stimulus package that helped balance their budgets and are now having to cut jobs, said Sheldon Danziger, director of the University of Michigan’s Gerald R. Ford School of Public Policy’s http://business.financialpost.com/2012/09/12/u-s-household-income-falls-as-gap-between-rich-and-poor-widens/
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