Figure D
Underemployment is skewed toward lower-income households: Unemployment rate by household income level, May 2014
| Income | Share |
|---|---|
| $0–5,000 | 37.6% |
| $5,000–7,499 | 27.4% |
| $7,500–9,999 | 59.2% |
| $10,000–12,499 | 46.0% |
| $12,500–14,999 | 43.4% |
| $15,000–19,999 | 38.1% |
| $20,000–24,999 | 41.4% |
| $25,000–29,999 | 41.7% |
| $30,000–34,999 | 39.9% |
| $35,000–39,999 | 37.5% |
| $40,000–49,999 | 34.8% |
| $50,000–59,999 | 30.3% |
| $60,000–74,999 | 32.1% |
| $75,000–84,999 | 35.5% |
| $85,000–99,999 | 28.6% |
| $100,000–124,999 | 29.4% |
| $125,000–149,999 | 29.6% |
| $150,000–174,999 | 27.5% |
| $175,000 & more | 27.8% |
Note: SHED survey, May 2014 (n = 2,846), percentage of workers who prefer to “work more hours for more money” rather than “work the same number of hours that you currently work” or “work fewer hours for less money” when asked, “If you were paid the same hourly rate regardless of the number of hours you work, would you prefer…?”
Source: Federal Reserve Board Survey of Household Economics and Decisionmaking (SHED), May 2014
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