My Sunday Washington Post Business Section column is out. This morning, we look at why the economic recovery is so unevenly distributed.
The print version had the full headline Not everyone is feeling the economic recovery while online the headline was Are you not feeling the economic recovery? This could be why.
Here’s an excerpt:
“The economy is, in a word, “lumpy.” It is strong in some regions, anemic in others. Strength by economic sector varies widely. There are myriad reasons for this: Some parts of the country were much harder hit by the real estate collapse; some sectors naturally rebound more quickly; some innovations lend themselves to more rapid growth.
The kind of recovery that you personally are experiencing is highly dependent upon many factors, but today I want to focus on three: education, market sector and geography. The data suggest these elements matter a great deal. Look closely, and you can see how your personal economic recovery is doing — and why.”
The column looks at the various ways elements impact your employment rates and wages. And, when no one was looking, I managed to slip in a Tom Brady joke.
Are you not feeling the economic recovery? This could be why.
Washington Post, May 17, 2015