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View Full Version : food for thought: 30% Unemployment for$12,499/yr Americans...


Community Development Banking List
02-12-2010, 06:30 AM
Original message from: ejdodson@comcast.net


http://www.democracynow.org/2010/2/11/headlines/study_lowest_income_american ('http://www.democracynow.org/2010/2/11/headlines/study_lowest_income_american')
s_face_30_unemployment

The Center for Labor Market Studies at Boston's Northeastern University
divided US households into ten groups based on annual income.

- The lowest tenth, with an annual household income of $12,499 or less, had
a fourth-quarter unemployment rate last year of 30.8%.

- The next lowest-income group had an unemployment rate of 19.1%.

- The top two groups, with incomes above $100,000, had an average
unemployment of 3.6%.