Recession has Nearly Ended for High-Wage Workers, but Job Losses Persist for Low-Wage Workers

While employment rates have rebounded to nearly pre-COVID-19 levels for high-wage workers, they remain significantly lower for low-wage workers.

Low-Income Employment Down in Affluent Areas

Declines in high-income spending led to significant employment losses among low-income individuals working in the most affluent ZIP codes in the country, as shown in the map below of employment declines in early June in New York City.