US: Desperately Seeking Income

US: Desperately Seeking Income

By Leith van Onselen, Chief Economist of Macro Investor, Australia’s independent investment newsletter covering trades, stocks, property and yield. You can follow him on Twitter at @leithvo. Cross posted from MacroBusiness
Westpac Institutional Bank yesterday released a sobering note (below) on the ongoing income squeeze taking place in the US.
In spite of the current cyclical economic recovery, the recent fall in the US unemployment rate has been driven almost entirely by lower labour force participation (see next chart).

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