Job Market Monitor
Poverty
COVID, Unemployment and Poverty in US – A gloomy prediction
The pandemic crippling the American economy portends a sharp increase in poverty, to a level that could exceed that of the Great Recession and that may even reach a high for the half-century in which there is comparable data, according to researchers at Columbia University. The coming wave of hardship is likely to widen racial … Continue reading
COVID and Global Poverty – Additional 548 million people earning less $5.50 per day
Conducted by King’s College London and the Australian National University, the research gauged the short-term impact of containing the coronavirus on global monetary poverty based on the World Bank poverty lines of $1.90, $3.20 and $5.50 a day. Global poverty levels would increase under all three scenarios for the first time since 1990 according to … Continue reading
Extreme Poverty – Half in just 5 countries
Of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh. They also happen to be the most populous countries of South Asia and Sub-Saharan … Continue reading
Poverty – Breaking it through education : The Pathway program
A recent IZA Discussion Paper by Adam M. Lavecchia, Philip Oreopoulos and Robert S. Brown delivers encouraging evidence that comprehensive student support programs can indeed lead to meaningful, long-run labor market benefits, including higher employment rates and earnings and a reduced reliance on social assistance. Student support program in one of Toronto’s poorest community The … Continue reading
Poor in the US in 2017 – About a third were children
>In 2017, 12.3 percent of the population—39.7 million people—lived in poverty, as defined by the official poverty measure [i]. The share of the population living in poverty was statistically significantly lower in 2017 than in 2016 by 0.4 percentage points. The U.S. Census Bureau is tasked with determining how many people in the United States … Continue reading
Income and Poverty in US, 2017 – The official poverty rate decreased by 0.4 percentage points
The U.S. Census Bureau collects data and publishes estimates on income and poverty in order to evaluate national economic trends as well as to understand their impact on the well-being of households, families, and individu-als. This report presents data on income and poverty in the United States based on information collected in the 2018 and earlier Current … Continue reading
Older Workers in US – Some 10 million live at or below the poverty level of $11,800
Some 10 million people over 50 in the U.S. live at or below the annual federal poverty level of $11,800, with another 37 million at risk. No dreams of a beach retirement here. Even among the employed, more than 13.2 million low-income older adults don’t make enough money to meet their expenses despite working steadily. … Continue reading
Persons at Risk of Poverty or Social Exclusion in EU – Decreased to 23.4% last year, only 0.1 percentage points above its 2009 low-point
In 2016, 117.5 million people, or 23.4% of the population, in the European Union (EU) were at risk of poverty or social exclusion. This means that they were in at least one of the following three conditions: at-risk-of-poverty after social transfers (income poverty), severely materially deprived or living in households with very low work intensity. … Continue reading
Poverty in US – Who are they ?
As a share of the total working-age adult living in poverty population: 18 percent —a third of the non-workers living in poverty—are disabled. 26 percent—just under half of non-workers—are caregivers or students. 6 percent are retired, though it is important to note that only the working-age population is considered here, so this constitutes early retirement. … Continue reading
Severely Materially Deprived People in Europe – Around 41 million in 2015
In 2015, 8.2% of the population or around 41 million people in the European Union (EU) were severely materially deprived, meaning that they had living conditions constrained by a lack of resources such as not being able to afford to pay their bills, keep their home adequately warm, or take a one week holiday away … Continue reading
Poverty in US – A significant shifts in the geography
The Great Recession may have ended in 2009, but despite the subsequent jobs rebound and declining unemployment rate, the number of people living below the federal poverty line in the United States remains stuck at recession-era record levels. The rapid growth of the nation’s poor population during the 2000s also coincided with significant shifts in … Continue reading
US – Protecting Social Security and reducing unemployment, poverty, and the federal budget deficit as most important pool says
With mixed views of the national economy and their own financial situation, Americans want priority given to several different economic problems. In the latest poll conducted by The Associated Press-NORC Center for Public Affairs Research, the public sees protecting Social Security and reducing unemployment, poverty, and the federal budget deficit as most important to them … Continue reading
Global Extreme Poverty – Less than 10 percent for the first time World Bank says
The World Bank provided some relief from bad news this week with some fresh, positive data: For the first time ever, it estimates that the number of people around the world living in extreme poverty will fall below 10 percent. Using an updated international poverty line of USD $1.90 a day, the Bank estimated that global poverty has fallen from … Continue reading
Persistent Poverty in the UK – 4.6 million people in 2013
This article provides analysis on people in persistent poverty and their associated characteristics. It shows that: In 2013, 7.8% of the UK population were considered to be in persistent income poverty, equivalent to around 4.6 million people. Persistent poverty is defined as being in relative income poverty both in the current year and at least two out of … Continue reading
Action is needed to secure future livelihoods in developed and emerging economies, says the OECD Development Centre – OECD
Securing Livelihoods For All: Foresight for Action, a report that uses a foresight approach to develop five possible livelihood landscapes for the world in 2030, shows that vulnerability and the risk of falling back into extreme poverty remain high in the face of a changing global context. In most developing regions, 80% of people feel … Continue reading
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