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Expand chart
Data: Economic Innovation Group Distressed Communities Index; Map: Lazaro Gamio/Axios

America's economy is booming, with stocks setting new records and unemployment hitting its lowest monthly marks since 2000. But the spoils have not been evenly distributed.

The bottom line: The line between financial success and stagnation can often be drawn on a map.

Economic opportunity is tied to location, more than ever before, according to a county-by-county report in 2017 from the nonprofit Economic Innovation Group.

  • New jobs are clustered in the economy's best-off places, leaving one of every four new jobs for the bottom 60% of zip codes.
  • Most of today's distressed communities saw zero net gains in employment and business establishment since 2000. In fact, more than half have seen net losses on both fronts.
  • Half of adults living in distressed zip codes are attempting to find gainful employment in the modern economy armed with only a high school education at best.

America's labor force also has become increasingly dependent on large companies, thus narrowing geographic diversity and, arguably, keeping a lid on wage growth.

Original story: The Great Recession's uneven recovery (9/15/18)

Go deeper

“You blew it”: GOP activist turns on corporations over vaccine mandates

The chairman of the American Conservative Union said on "Axios on HBO" he accepts "Joe Biden is my president, and I want him to succeed," but predicted Republicans retake the House and Senate in 2022 — with greater than 50% odds Donald Trump runs in 2024.

The big picture: In a joint interview with his wife, Mercedes, Matt Schlapp also refused to share their vaccination status. And he told corporate America "you blew it" by embracing vaccine mandates and liberal social stances that have alienated GOP voters and politicians.

45 mins ago - Politics & Policy

Pelosi expects “billionaire’s tax” to pay for Biden social spending

Photo: Yasin Ozturk/Anadolu Agency via Getty Images

House Speaker Nancy Pelosi (D-Calif.) said Sunday she expects the chamber to pass the bipartisan infrastructure plan by week’s end, and alternatives to corporate tax hikes and a “billionaires tax” will be used to finance President Biden’s promised expansion to the social safety net.

Why it matters: Pelosi’s comments come as House and Senate leaders try to wrap up a deal. What will get cut — and how the remainder will be paid — are linchpins to a final agreement.

Dan Primack, author of Pro Rata
46 mins ago - Axios on HBO

FTX CEO Sam Bankman-Fried mystified by value of NFTs

Crypto exchange FTX, valued last week at $25 billion, recently launched an NFT marketplace by selling an image of the word "Test" for $270,000.

  • FTX founder and CEO Sam Bankman-Fried tells "Axios on HBO" that he doesn't quite understand the appeal, but adds that he doesn't personally appreciate many visual arts.

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