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Barry Ritholtz

Recovery's Great If You Were Already Rich (or Even Modestly Well Off): Ritholtz Chart

The beneficiaries of the economic recovery have been a somewhat narrow group: Those who are highly educated and already are high earners are feeling the positive effects in both employment and wage gains. 

The Labor market continues to improve. Last week Bureau of Labor Statistics reported 204,000 new positions created, and adjustments to prior months data were upward.

But the gains are not all they are cracked up to be. The jobs recovery has not been evenly distributed. The beneficiaries of the economic recovery have been a somewhat narrow group: Those who are highly educated and already are high earners are feeling the positive effects in both employment and wage gains. For the rest of the labor pool, it is not nearly so rosy a story.