Recent Disparities in Earnings and Employment

Rajashri Chakrabarti, Kasey Chatterji-Len, Dan Garcia and Maxim Pinkovskiy

No 20231201, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The New York Fed recently released its latest set of Equitable Growth Indicators (EGIs). Updated quarterly, the EGIs continue to report demographic and geographic differences in inflation, earnings (real and nominal), employment, and consumer spending (real and nominal) at the national level. This release also launches a set of national wealth EGIs (which will be examined more closely on Liberty Street Economics early next year). Going forward, EGI releases will also include a set of regional EGIs, which will present disparities in inflation, earnings (real and nominal), employment, and consumer spending (real and nominal) in our region. Drawing on the just released EGIs, in this post, we present recent gender gaps in the labor market at the national and regional levels. We provide a picture of how gender wage and employment disparities have evolved since the pandemic, examining and contrasting gaps at the national and regional level. We find that the gaps between the employment rates and earnings of men and women have declined steadily following the pandemic, but have declined perceptibly more so in our region than in the nation.

Keywords: employment; unemployment; labor market; earnings; wealth; wealth inequality; Disparities (search for similar items in EconPapers)
JEL-codes: J01 R10 (search for similar items in EconPapers)
Date: 2023-12-01
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https://libertystreeteconomics.newyorkfed.org/2023 ... ings-and-employment/ Full text (text/html)
https://newyorkfed.org/medialibrary/media/research ... _2023_EGI_chart_data Chart data (application/vnd.ms-excel)
https://www.newyorkfed.org/medialibrary/Research/I ... ational_earnings.pdf National Earnings Report (application/pdf)
https://www.newyorkfed.org/medialibrary/Research/I ... ional_employment.pdf National Employment Report (application/pdf)
https://www.newyorkfed.org/medialibrary/Research/I ... egional_earnings.pdf Regional Earnings Report (application/pdf)
https://www.newyorkfed.org/medialibrary/Research/I ... ional_employment.pdf Regional Employment Report (application/pdf)

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