Millennials are significantly more diverse than previous generations, but even in their generation, minorities and women still earn less than whites and men, according to Bureau of Labor Statistics data.
Technology is giving riseto a new crop of middle-skill jobs for the millennial generation — but these are without the stability, pay or career ladders of the past.
The big picture: The first wave of automation-fueled job losses hollowed out middle-skill work — manufacturing positions that required some education, but not a college degree, and led to lucrative, lifelong careers. That left behind jobs mostly at the high- and low-skill extremes.
The economy added 196,000 jobs in March — topping economists' forecasts of 175,000, and a big rebound from February's weak report, the Labor Department said on Friday. The unemployment rate held at 3.8%, while wages grew 3.2% from the prior year — a slightly slower pace than last month.
Why it matters: This month's report, which shows that the economy added an additional 13,000 jobs in February than initially estimated, proves the jobs market is still chugging along for now.
Beijing's construction ambitions in Latin America, a region that American leaders have seen as off-limits to other powers since the 19th century, is stirring alarm in Washington, the AP reports from Panama City.
The big picture: China's focus in Central America includes Panama, where the canal linking the Atlantic and Pacific oceans makes it one of the world's busiest trade arteries, and strategically important both to Washington and Beijing.