Employment

Personal Income and Outlays: Current-dollar personal income increased $1.39 trillion in the second quarter, compared with an increase of $193.4 billion in the first quarter. The increase in personal income was more than accounted for by an increase in personal current transfer receipts (notably, government social benefits) that was partly offset by declines in compensation and proprietors' income (table 8). ... Disposable personal income increased $1.53 trillion, or 42.1 percent, in the second quarter, compared with an increase of $157.8 billion, or 3.9 percent, in the first quarter. Real disposable personal income increased 44.9 percent, compared with an increase of 2.6 percent. more »

For the first time, most Americans (53%) now say that stress and worry related to the pandemic has had a negative impact on their mental health – an increase of 14 percentage points since May.... This includes about one in four who say it has had a “major” negative impact.As state and local officials prepare for the new school year amid the COVID-19 pandemic, parents with children who normally attend school overwhelmingly prefer that schools wait to restart in-person classes to reduce infection risk (60%) rather than open sooner so parents can work and students can return to the classroom (34%), the latest KFF tracking poll finds. more »

For mothers who continue to work, earnings fall by an average of $1,861 in the first quarter after birth relative to earnings pre-pregnancy or in early pregnancy (three quarters before the birth). But earnings recover to pre-birth levels by the fifth quarter after birth, and rise by an average of $101 per quarter for the next six years. While this recovery is encouraging, it is not large enough to return women to their pre-birth earnings path. There are no major differences in earnings between working mothers with just one child and those with multiple children. more »

Julia Sneden writes: The tendency to pair older, male anchormen with pretty young women is almost universal. I will concede that TV has done a good job of hiring women of color or of differing ethnicity. It seems to me that what's really missing is female newscasters who are over 40. Once they hit that magic mark, they are relegated to interview shows, or TV news magazines like "60 Minutes" or "Dateline NBC." I mean no disrespect to those very accomplished women, but I can't help noting that not a one of them has let her hair go honestly gray. more »