Unemployment rate for high-wage Americans 3 times higher than that of low-, middle-income workers
chinadaily.com.cn |
Updated: 2023-08-18 09:11
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People who make more than $125,000 a year are currently being laid off at three times more than those with middle and low incomes, according to recent data released by Bank of America (BOA).
BOA said unemployment was rising among high-income earners in July, with the number of people earning six figures annually receiving unemployment benefits up by 70 percent from a year earlier, while low - and middle-income earners continued to hold up well in the job market.
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