News Summary: Rich-poor jobs gap hits record

News Summary: Gap in employment rates between rich, poor at widest levels in a decade

Associated Press

JOBS GULF: The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.

HARD TIMES: Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 percent, nearly matching the rate for all workers during the Great Depression.

CASCADE EFFECT: U.S. households with income of more than $150,000 a year have an unemployment rate of 3.2 percent, a level traditionally defined as full employment. At the same time, middle-income workers are increasingly pushed into lower-wage jobs.

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