Last week the U.S. Census Bureau released a report with results strongly indicating that the Job Market is well on its way to been recovered. This report showed that, the median household income increased from $53,718 to $56,516, a 5.2 percent increase between 2014 and 2015.
Interpretation of this report by the Chairman of the Council of Economic Advisers at the White House indicate that the increase in income was spread across the entire population, with the greatest gains noted for the poorest Americans. The chart below further explains this.
This is definitely a step in the right direction, and a good sign of recovery.
