Rise in Inequality Hurts Economic Growth
Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth, the OECD said.
107Two-fifths of the population of developed countries have gained little over recent decades, driving a rise in income inequality that is damaging economic growth, the OECD said.
107The unemployment rate for foreign-born workers in the U.S. fell to 5.6% in 2014 from 6.9% in 2013, the Bureau of Labor Statistics reported Thursday, reflecting the overall firming up of the labor market last year.
Sales of previously owned homes fell in April after surging the previous month, highlighting the fits and starts that have been a hallmark of the housing recovery.
The number of Americans applying for first-time unemployment benefits rose last week but remained at a low level.
Many big U.S. cities that saw population gains when the economy was down are growing more slowly, even as suburbs remain stable or grow faster.