Job Market Monitor
Poverty threshold
US – About 14.7 million people, or 4.7 percent of the population, were near-poor in 2012
This report provides data on the demographic characteristics of people close to, but not below, official poverty thresholds from 1966 to 2012. The “near-poor” are people with family income between 100 and 125 percent of the poverty thresholds, allowing for a full examination of the low-income population. The statistics come from the Current Population Survey’s … Continue reading
US / Census Bureau / New poverty measure, higher than the official measure, at 16.1 percent
Officially, the U.S. poverty rate in 2011 was 15 percent exactly, a 0.1 point reduction from 2010. But as I pointed out when that number was released in September, that figure doesn’t mean a whole lot. The official poverty threshold is the amount of money a family of three would have to make to spend … Continue reading
Australia’s unemployment benefits | Bad and getting worse
“A report on inequality to be delivered to Treasurer Wayne Swan this morning will label Australia’s welfare system one of the best and most efficient in the developed world, with the exception of unemployment benefits which are the worst relative to community standards and shrinking” writes Peter Martin. The report, to be unveiled just after Mr … Continue reading
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