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The boom turned 10

America’s economic expansion reached double digits yesterday, becoming the longest boom since World War II. There’s reason to celebrate the milestone — and also to fret that it may not last.

It’s “been going on for longer than The Beatles were together,” Brian Levitt, a strategist at Invesco, told Robin Wigglesworth of the FT. “It’s older than Instagram.”

By some measures, the big winners have been minority women, Jeanna Smialek of the NYT reports. Employment rates for Hispanic women age 25 to 54 have jumped 2.2 percentage points since mid-2007, while those for black women rose 1.6 percentage points.

By other measures, things look much the same as ever. “The richest 1 percent of earners — who are heavily white and male — have notched outsize earnings throughout the expansion and recovery,” Ms. Smialek adds.