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Recent Disparities in Earnings and Employment

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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.

Suggested Citation

  • Rajashri Chakrabarti & Kasey Chatterji-Len & Dan Garcia & Maxim L. Pinkovskiy, 2023. "Recent Disparities in Earnings and Employment," Liberty Street Economics 20231201, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:97408
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    File URL: https://libertystreeteconomics.newyorkfed.org/2023/12/recent-disparities-in-earnings-and-employment/
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    File URL: https://newyorkfed.org/medialibrary/media/research/blog/2023/LSE_2023_EGI_chart_data
    File Function: Chart data
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    File URL: https://www.newyorkfed.org/medialibrary/Research/Interactives/Data/equitable-growth-indicators/downloads/10_2023_EGI_national_earnings.pdf
    File Function: National Earnings Report
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    File URL: https://www.newyorkfed.org/medialibrary/Research/Interactives/Data/equitable-growth-indicators/downloads/10_2023_EGI_national_employment.pdf
    File Function: National Employment Report
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    File URL: https://www.newyorkfed.org/medialibrary/Research/Interactives/Data/equitable-growth-indicators/downloads/10_2023_EGI_regional_earnings.pdf
    File Function: Regional Earnings Report
    Download Restriction: no
    File URL: https://www.newyorkfed.org/medialibrary/Research/Interactives/Data/equitable-growth-indicators/downloads/10_2023_EGI_regional_employment.pdf
    File Function: Regional Employment Report
    Download Restriction: no
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    More about this item

    Keywords

    employment; unemployment; labor market; earnings; wealth; wealth inequality; Disparities;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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