HelpWanted.com

Poverty rate fell in The United States despite the pandemic

Poverty rate fell in The United States despite the pandemic
Last year even as the pandemic raged on, the poverty rate fell in The United States. Through a massive federal aid and relief system, the country was able to get above what is considered one of the greatest economic contractions to hit the world. Even though most people lost their jobs, the poverty rate seemed to dip. In order to determine whether the government aid provided is what helped alleviate poverty rate, the Census Bureau reported on Tuesday that before the relief measures started last year 11.8 percent of Americans were living below the poverty line as of 2019, this number fell to 9.1 percent since the federal benefits started. This number is also the lowest recorded since 1967. 

Poverty rose quickly after the previous recession, up to 16.1 percent, and did not go down, researchers believe that the federal benefits were pulled to early or not enough in this case. However, having said all that, the median household income fell to 2.9 percent last year. This decline reflects the pandemic's effect on jobs. 13.7 million fewer people worked in 2020 as compared to 2019.

Source: The New York Times
Tags In
UPSC Recruitment China Layoffs

Previous days news

Sep 14 Sep 13 Sep 9 Sep 8 Sep 7

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
BEL India Post Jobs In ECIL UP Gov Manufacturing Sector Post Covid Job Market Artificial Intelligence Sports Quota SSA Telangana Govt. Income Household Work Travel Taxes In India Odisha Govt Garment Workers Information Technology Jobs At Flipkart Copywriting Jobs Bank Hiring Books Bosch Hiring Indian Job Sector GDP Maternity Leaves Four-day Work Week Jobs In Assam Careers Jobs In Delhi Inspiring Kerela Jobs In UP Energy Transition Jobs Media Jobs Relaxing No Job Hiring In Infosys Campus Placements Pune Jobs Online Services Promotion State Bank Of India Gig Roles Layoffs Private Equity AIIMS Recruitment Amazon India Rural India India Inc New Lawsuits Science
Articles

Avoid These 5 (Obvious) Mistakes in Your Job Application

Today’s market is a competitive one – especially after the COVID-19 pandemic. Unlike 2019, when the ...Read more

With Remote Working Being the New Norm, How to Hire the Best remote Workers

Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more

This Thanksgiving - Give Thanks To All These People

This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...Read more

Top paying Careers in 2021

The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...Read more