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)