Slowing Job Growth And Falling Incomes For Most Americans

Two reports out today give a worrying picture of the U.S. economy.

Job growth slowed, with employers adding only 142,000 jobs in August, according to the Labor Department report. That's well below economists' expectations, and the slowest pace this year.

Separately, a Federal Reserve report shows that the income gap between the rich and poor is growing again. It reads: "Only families at the very top of the income distribution saw widespread income gains between 2010 and 2013," while "Families at the bottom of the income distribution saw continued substantial declines in average real incomes between 2010 and 2013."

Diane Swonk, chief economist at Mesirow Financial, discusses the reports with Here & Now's Jeremy Hobson.