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The United States of America

Unemployment

  • As of February 2013, the unemployment rate in the United States was 7.7% or 12.0 million people, while the government's broader U-6 unemployment rate, which includes the part-time underemployedwas 14.3% or 22.2 million people. These figures were calculated with a civilian labor force of approximately 155 million people, relative to a U.S. population of approximately 315 million people.
  • In 2009 through 2013, following the financial crisis of 2007–2010, the emerging problem of jobless recoveries resulted in record levels oflong-term unemployment with over 6 million workers looking for work longer than 6 months as of January, 2010. This particularly affected older workers.

Income and wealth

  • While inflation-adjusted ("real") household income had been increasing almost every year from 1945 to 1999, it has since been flat and even decreased recently. U.S. median household income fell from $51,144 in 2010 to $50,502 in 2011. Extreme poverty in the United States, meaning households living on less than $2 per day before government benefits, doubled from 1996 levels to 1.5 million households in 2011, including 2.8 million children. In 2013, child poverty reached record high levels, with 16.7 million children living in food insecurehouseholds, about 35% more than 2007 levels.
  • The distribution of net wealth in the United States, 2007. The chart is divided into the top 20% (blue), upper middle 20% (orange), middle 20% (red), and bottom 40% (green). (The net wealth of many people in the lowest 20% is negative because of debt.)

Financial position of the United States

  • The overall financial position of the United States as of 2009 includes $50.7 trillion of debt owed by US households, businesses, and governments, representing more than 3.5 times the annual gross domestic product of the United States. As of the first quarter of 2010, domestic financial assetsA totaled $131 trillion and domestic financial liabilities $106 trillion. Tangible assets in 2008 (such as real estate and equipment) for selected sectorsB totaled an additional $56.3 trillion

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