Rakesh Kochhar

With the economic recovery gaining momentum, unemployment among immigrants is about equal with that of U.S.-born workers.

17% of the global population could be considered middle income in 2020. Most people were either low income (51%) or poor (10%).

Here’s how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset.

The course of the pandemic in India and China will have a substantial effect on changes in the distribution of income at the global level.

The global middle class consisted of 54 million fewer people in 2020 than the number projected prior to the onset of the pandemic.

About half of U.S. adults who are currently unemployed and are looking for a job are pessimistic about their prospects for future employment.

The share of unpartnered mothers who are employed and at work has fallen more precipitously than among other parents.

The shares of mothers and fathers who are working have fallen from 2019 to 2020, but the falloff has been comparable for each group.

About half of U.S. adults lived in middle-income households in 2018, according to our new analysis of government data.