ORLANDO, Fla. — Asian American households saw the biggest income growth of any racial or ethnic group in the United States over the past decade and a half — almost 8%, according to figures released Thursday by the U.S. Census Bureau.
“As the labor market tightened more in certain areas and in certain fields we would see more robust income growth for those groups,” Ohio State economist Trevon Logan said in an email.
By the same measure, location and job markets also played a role in the stagnant income growth for Black-led households, with large numbers geographically clustered in the South, economists said.
Blacks are over-represented in public employment, which experienced anemic income growth,” Logan said.
Asian Americans make up almost 6% of the U.S. population.