Wednesday, September 14, 2011

US Poverty Rate 15%, Highest in 50+ Years; City of Charlottesville Exceeds This By At Least 10+%

National shame.  And local shame.

Unemployment and the underemployment remain the national crisis.

Charlottesville may have a lower employment rate than nationally, but unemployment is rising.  Too, there are folks living in poverty who are not counted as unemployed--they're not part of the statistical workforce.

In terms of the national outlook, this year is not going to be any better, economists say:
Another 2.6 million people slipped into poverty in the United States last year, the Census Bureau reported Tuesday, and the number of Americans living below the official poverty line, 46.2 million people, was the highest number in the 52 years the bureau has been publishing figures on it.
And in new signs of distress among the middle class, median household incomes fell last year to levels last seen in 1997.

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