South By North Strategies, Ltd.

Econbrowser presents updated data on the incidence of unemployment and underemployment by income group. The data show that the recession has taken a serious toll on households with low and moderate incomes.

Figure 1: Unemployment rate (blue) and underemployment rate (red), for January-August 2010, based on household income in fourth quarter of 2008. Blue dashed line is average unemployment rate for entire sample; purple dashed line is average unemployment plus underemployment ratio for entire sample. Source: Calculations based on estimates provided by Andrew Sum and Joseph McLaughlin.