Better News Than I Thought We Would Get
Ah. The Census Poverty Report is better news than I thought we would get. The rise in poverty in 2002 over 2001 was small, as was the fall in median income.
Poverty rises, incomes fall in latest Census report - Sep. 26, 2003: Poverty in the United States rose for the second straight year in 2002, while median incomes fell for the third straight year, the government said Friday. The percentage of Americans living in poverty rose to 12.1 percent from 11.7 percent in 2001, the Census Bureau reported, the highest rate since 12.9 percent in 1998. Median household income fell 1.1 percent to $42,409 from $42,900 in 2001. Median income was $43,848 in 2000 and $43,915 in 1999.... About 34.6 million people were in poverty in 2002, 1.7 million more than in 2001.
Posted by DeLong at 09:02 AM
Bad News About Production
Bad news (but not very bad news) about production:
WSJ.com - Orders in August For Durable Goods Decreased 0.9%: The Commerce Department reported that U.S. manufacturers saw a 0.9% decline in orders for August from July for long-lasting durable goods such as cars, computers and household appliances, to a seasonally adjusted level of $173.3 billion. That followed solid gains during the two preceding months...
Posted by DeLong at 09:03 PM |
