Though fresh data from the Census Bureau show that the number of Americans living in poverty edged higher in 2011, its latest American Community Survey also signals that after a Great Recession and a painfully slow recovery the U.S. economy may finally be bottoming out.
Construction that was underway this summer in San Mateo, Calif.
Credit Justin Sullivan / Getty Images
(This post was updated at 10:05 a.m. ET.)
In the morning's second sign of strength in the housing sector, the National Association of Realtors reports that sales of existing homes rose 7.8 percent in August from July and were 9.3 percent above the pace of August 2011.
Newly released census figures show a long-standing and glaring contrast: A third of families headed by single mothers are in poverty, and they are four times more likely than married-couple families to be poor. The disparity is on the rise, and as the number of single mothers grows, analysts are debating if more marriages could mean less poverty.
Originally published on Wed September 12, 2012 5:27 pm
By Eyder Peralta
In 2011, the poverty rate in the United States remained steady and the number of uninsured Americans decreased, the Census Bureau said today. That means that more than 46 million Americans lived below the poverty line last year.
NPR's Pam Fessler filed this report for our Newscast unit: