Economics

U.S. Poverty Rate Finally Fell

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There's not much good news for working Americans struggling to rebound from the recession, except perhaps this: the U.S. poverty rate is finally on the decline.

The nation's poverty rate fell to 14.5% in 2013, down from 15% a year earlier, the U.S. Census Bureau reported Tuesday. This is the first statistically significant drop in poverty since 2006, when it was 12.3%.

A lot of the decrease is coming from people finding full-time work — and thus earning more money. But the number of people in poverty remains stuck at 45.3 million. As America's population expands, the job growth hasn't kept pace.