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Congressional Budget Office
Poverty rate posts 1st drop since 2006 thanks to more full-time jobs
Poverty rate posts 1st drop since 2006 thanks to more full-time jobs

The nation's poverty rate dropped last year for the first time since 2006, but the typical household income barely budged in a sign of the continuing sluggish economic recovery from the Great Recession, the Census Bureau said Tuesday. The decline in the poverty rate to 14.5% of the population from 15% in 2012 was driven by an increase in people with full-time jobs last year, Census officials said. ------------ FOR THE RECORD Sept. 16, 11:29 a.m.: An earlier version of this post said the number of people working full time last year increased by 6.4 million. The increase was 2.8 million. ------------ The number of people working full time rose by about 2.8 million to 105.8...

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