US Employment and Wages Rise While Poverty Drops

USAFIS experts draw attention to particularly interesting data: In the third quarter of 2018, the U.S. economy grew at a 3.5 percent leap. In October of the same year, employers added 250,000 jobs in the USA. As the median household income has risen in recent years, the poverty rate has fallen. The national median household income grew by 1.9 percent, reaching $57,652, and has increased in over 16 percent of counties, estimates show.

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The poverty rate in the United States dropped to 14.6 percent, as reported by the U.S. Census Bureau. The decrease indicates more prosperity for American citizens since the Great Recession. Poverty rates across the U.S. fell in 14 percent of counties, while 8 percent of counties saw a slight increase when comparing a time during and after the Great Recession.

The national median household income grew by 1.9 percent, reaching $57,652, and has increased in over 16 percent of counties, estimates show.

Urban counties had a lower poverty rate, 14.3 percent, compared with counties that were generally or entirely rural. Gloria Guzman, a Census Bureau statistician, said, “This new five-year ACS data allows for a comparison between the 2008-2012 period that included 18 months of the most recent recession and the 2013-2017 period of ongoing economic growth.” There are many opportunities available for you and your family in the United States. USAFIS has a team of experts ready to assist you in the steps of U.S. immigration. Contact them today!

 

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