Poverty rate rose to 14.3 percent in 2009, but government figures don't capture very well the long-term rise in living standards.
Government aid kept some Americans from sliding into poverty last year, some analysts say. The 2009 poverty rate of 14.3 percent is a big one-year leap in the ranks of the poor.
Poverty rate: The ranks of the working-age poor climbed to the highest level since the 1960s as the recession threw millions of people out of work last year.
US poverty rate hit 14.3 percent last year, up from 13.2 percent in 2008. The jump bring the number of the poor to its highest level since 1959, five years before the Johnson-era War on Poverty.
Case-by-case 'pragmatic' problem solving has created the present recession. How did we get here, and where are we going next?
The US has averaged about 100,000 new jobs a month for eight months. Good, right? Well, the US is growing, and 100,000 jobs aren't enough for the new people coming into the workforce.
Much of the drop in the unemployment rate occurred because disappointed workers stopped looking for jobs.
Initial unemployment claims and an ADP report suggest that the US is creating jobs at a slowing pace.