Recession and Poverty

Session 3

I noticed an interesting point about the census statistics on poverty. According to the census, the poverty rate has increased contantly overtime after 1999 (when it was at its lowest for a while). If you look at the economy and the job market from year 2000 onwards, it was rising and there were plenty of jobs avaible until the recession of 2008. I have linked a graph of the dow jones ind for the last 10 years to give you a better view. I don't know how accurate the census statistic reporting is and how they determine what an actual poverty level is to count a person or family towards poverty.

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1285015207392&chddm=997441&chls=IntervalBasedLine&q=INDEXDJX:.DJI&ntsp=0