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Income, Poverty and Health Insurance Coverage in the United States: 2013

September 19, 2014 Comments off

Income, Poverty and Health Insurance Coverage in the United States: 2013
Source: U.S. Census Bureau

The U.S. Census Bureau announced today that in 2013, the poverty rate declined from the previous year for the first time since 2006, while there was no statistically significant change in either the number of people living in poverty or real median household income. In addition, the poverty rate for children under 18 declined from the previous year for the first time since 2000. The following results for the nation were compiled from information collected in the 2014 Current Population Survey Annual Social and Economic Supplement.

The nation’s official poverty rate in 2013 was 14.5 percent, down from 15.0 percent in 2012. The 45.3 million people living at or below the poverty line in 2013, for the third consecutive year, did not represent a statistically significant change from the previous year’s estimate.

Median household income in the United States in 2013 was $51,939; the change in real terms from the 2012 median of $51,759 was not statistically significant. This is the second consecutive year that the annual change was not statistically significant, following two consecutive annual declines.

The percentage of people without health insurance coverage for the entire 2013 calendar year was 13.4 percent; this amounted to 42.0 million people.

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Characteristics of New Single-Family Houses Completed

September 13, 2014 Comments off

Characteristics of New Single-Family Houses Completed
Source: U.S. Census Bureau

The new tables for New Single-Family Houses Completed include data on age-restricted developments, presence of homeowner’s association, foyer, framing, sewer and water systems and laundry. These tables show data back to 2009.

Facts for Features: Hispanic Heritage Month 2014: Sept. 15–Oct. 15

September 12, 2014 Comments off

Facts for Features: Hispanic Heritage Month 2014: Sept. 15–Oct. 15
Source: U.S. Census Bureau

In September 1968, Congress authorized President Lyndon B. Johnson to proclaim National Hispanic Heritage Week, observed during the week that included Sept. 15 and Sept. 16. Congress expanded the observance in 1989 to a monthlong celebration (Sept. 15 – Oct. 15) of the culture and traditions of those who trace their roots to Spain, Mexico and the Spanish-speaking nations of Central America, South America and the Caribbean.

Sept. 15 is the starting point for the celebration because it is the anniversary of independence of five Latin American countries: Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, Mexico and Chile celebrate their independence days on Sept. 16 and Sept. 18, respectively.

2013 Annual Survey of Public Pensions: State-Administered Defined Benefit Data

September 2, 2014 Comments off

2013 Annual Survey of Public Pensions: State-Administered Defined Benefit Data
Source: U.S. Census Bureau

Provides a comprehensive look at the financial activity of the nation’s state-administered defined benefit pension systems, including cash and investment holdings, receipts, payments, pension obligations and membership information. Statistics are shown at the national level and for individual states. The total cash and investment holdings of the nation’s state-administered defined benefit pensions systems totaled $2.7 trillion in 2013. By comparison, total cash and investment holdings totaled $2.5 trillion in 2012, yielding a 7.8 percent increase from 2012 to 2013.

Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census

August 25, 2014 Comments off

Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census
Source: U.S. Census Bureau

The total value of shipments for the automobile manufacturing industry (NAICS 336111) was $108.8 billion in 2012, up 28.4 percent from $84.7 billion in 2007, according to the latest 2012 Economic Census statistics released today by the U.S. Census Bureau. The number of employees increased 5.6 percent, from 65,436 in 2007 to 69,078 in 2012.

While shipments and employment increased, the number of establishments decreased from 188 in 2007 to 180 in 2012. The average payroll per employee decreased 6.5 percent, from $78,092 in 2007 to $73,053 in 2012.

Total value of shipments for the light truck and utility vehicle manufacturing industry (NAICS 336112) decreased 20.7 percent, from $154.0 billion in 2007 to $122.2 billion in 2012. For this industry, other highlights include:

  • The number of establishments decreased from 90 in 2007 to 77 in 2012.
  • The number of employees decreased 31.3 percent, from 84,806 in 2007 to 58,241 in 2012.
  • The average payroll per employee decreased 3.8 percent, from $81,262 in 2007 to $78,194 in 2012.

Gap Between Higher- and Lower-Wealth Households Widens, Census Bureau Reports

August 21, 2014 Comments off

Gap Between Higher- and Lower-Wealth Households Widens, Census Bureau Reports
Source: U.S. Census Bureau

Median net worth increased between 2000 and 2011 for households in the top two quintiles of the net worth distribution (the wealthiest 40 percent), while declining for those in the lower three quintiles (the bottom 60 percent), according to new statistics released today by the U.S. Census Bureau. The result was a widening wealth gap between those at the top and those in the middle and bottom of the net worth distribution. Each quintile represents 20 percent, or one-fifth, of all households.

Economic Characteristics of Households in the United States: 1st, 2nd, 3rd and 4th Quarters 2012

August 20, 2014 Comments off

Economic Characteristics of Households in the United States: 1st, 2nd, 3rd and 4th Quarters 2012
Source: U.S. Census Bureau

This collection of seven tables for each quarter comes from the Survey of Income and Program Participation. The tables that examine the role of government-sponsored benefit programs and the labor market among the nation’s people and households within the economic climate of each quarter of 2012. Specifically, the tables present statistics on average monthly income, participation in government-sponsored social welfare or social insurance programs, and labor force activity during each period.

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