September 13, 2011 | last updated May 31, 2012 9:11 pm

U.S. working-age losing ground amid unemployment

Hurt by high unemployment, working-age Americans are expected to lose ground when new census figures on poverty and the uninsured are released, The Associated Press reports.

The Census Bureau on Tuesday is releasing its annual report on United States economic well-being for 2010, when unemployment averaged 9.6 percent.

The figures also are expected to show a 10th year of decline in the share of people with employer-provided insurance, reaching a new low. Currently just over 55 percent of people receive health coverage through their work.

Congress passed a health overhaul last year to address the rising numbers of uninsured people, but its main provisions don't take effect until 2014.

Analysts also predict that the U.S. poverty rate will increase from its current level of 14.3 percent, or 1 in 7.

Comments

Type your comment here:

Today's Poll Does Texas pose a threat to CT jobs?
ADVERTISEMENTS
Most Popular on Facebook
Most Popular on Twitter
Copyright 2013 New England Business Media