An improving labor market drove the drop in the U.S. poverty rate to 14.5% last year from 15% in 2012 as their median household income had 1st gain since 2000, reports the Los Angeles Times. But despite a significant drop in the poverty rate last year, income for a typical U.S. household barely budged.
The poorest Americans, particularly those who are Latino, finally are showing signs of joining in the economic recovery as the nation's poverty rate dropped significantly last year for the first time since 2006.
The improving labor market drove the decrease in the rate to 14.5% from 15%, which was near the highest level in a...
- Posted By: Lisa M. Rawleigh
- Written by: Pew Research Center
The sluggish recovery from the Great Recession has been better for men than for women. From the end of the recession in June 2009 through May 2011, men gained 768,000 jobs and lowered their unemployment rate by 1.1 percentage points to 9.5percent. Women, by contrast, lost 218,000 jobs during the same period, and their unemployment rate increased by 0.2 percentage points to 8.5percent, according to a Pew Research Center analysis of Bureau of Labor Statistics data.
Employment trends during the recovery have favored men over women in all but one of the 16 major sectors of the economy identified in this report. In five...