Economic Indicator Shows Local Region 'Treading Water'
Regular reader of Growls know we've been growling about economic indicators since everyone seems to cite only those which support their own views of the economy. For example, we growled on August 11, 2014 over President Obama's use of economic indicators to show the U.S. economy had improved since his election in 2008.
Then this weekend, President Obama was interviewed by CBS television's Steve Kroft on 60 Minutes, Ed Morrissey of Hot Air summarizes a portion of the interview. Here's his lede:
"Another nugget from Barack Obama’s interview with 60 Minutes is making the rounds today, but it’s less surprising than one might think. Steve Kroft challenged the President to make a midterm pitch for his party, and Obama responded by insisting that the nation is better off today than it was six years ago. He acknowledged, though, that most people don’t “feel” it."
Also, we growled on September 27, 2014 because of an analysis by the ranking member of the U.S. Senate's Budget Committee showing that "1 of 4 Americans in prime working years are not employed."
Consequently, we couldn't pass up the online report in the Arlington Sun Gazette yesterday, which showed "regional income treading water since end of recession." Here's much of their report:
"The metro area’s 2013 median household income of $90,149 was down from the inflation-adjusted $90,316 that households earned in 2010, the first year the region and the nation came out of recession.
"The new figures were reported by the U.S. Census Bureau, based on its American Community Survey.
"The report found that the median earnings for male full-time, year-round workers in the Washington metro area were $67,216 in 2013, with women trailing at $56,168.
"In the metro area, those living at or below the poverty line represented 8.5 percent of the total population, up slightly from the 8.4 percent reported in 2010. A total of 11.1 percent of children were living at or below poverty in 2013, up from 10.7 percent. In each case, the Census Bureau said the increases were not statistically significant.
"Across the region, 11.4 percent of the population did not have health insurance in 2013, down from 12.3 percent in 2010. The percentage of residents with private health insurance (76.6 percent in 2013) was down slightly from 76.9 percent in 2010.
Readers of Growls who are concerned about the economy, jobs, and economic growth are urged to contact their members of Congress. Information is available at Thomas (use left-hand column). Readers living in Virginia's Arlington County, should contact:
- Senator Mark Warner (D) - write to him or call (202) 224-2023
- Senator Tim Kaine (D) -- write to him or call (202) 224-4024
- Representative Jim Moran (D) -- write to him or call (202) 225-4376
And, tell them ACTA sent you.