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Poverty in America 2008

August 19th, 2008 · No Comments-What's your opinion?· 1,045 views

The Census Bureau is scheduled to release its annual report titled “Income, Poverty, Health Insurance Coverage and American Community Survey: 2007″ on August 26, 2009. This will be the fourth year that America’s North Shore Journal has covered the report.

The report is always a year behind reality. We’ll be looking at a mass of statistics from 2007 and preceding years covering income, poverty and health insurance coverage, broken down in many different ways, by sex, by family type, by ethnicity and by age among others.

America’s North Shore Journal will concentrate its coverage on the income and poverty statistics. Bluntly, the numbers on health insurance coverage have been kept for less than a decade so they’re worth little to us for any realistic analysis.

Let’s take a preliminary look at 2007:

Average unemployment rate:
All 4.64%
White 4.12%
Black 8.27%
Hispanic 5.65%
Men 4.14%
Women 4.02%

Average number of employed: 146,049,417

Increase in jobs 1/1-12/31/2007: 262,000

And, just as a teaser, average weekly earnings for the private sector were at record highs from January through October 2007.

It would appear unlikely that the report from the Census Bureau will show a problem with poverty in America in 2007.

Categories: American Economy · Analysis · Original writing · Poverty || Trackback URL for this post

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