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Underemployed
Apr 4, ’11
1:31 PM
"U.S. POSTS A GAIN. OF 216000 JOBS,. A LIFT FOR OBAMA. PRIVATE SECTOR ON RISE; As jobless rate falls to 8.8%, White House warns G.O.P." Oh wait...
The nation’s unemployment rate dipped slightly in March to 8.8 percent, as the economy added more than 200,000 jobs during the month.
But despite the improvement, a new report says millions of Americans are struggling to make ends meet, and we’re talking about people who have jobs.
A group called Wider Opportunities for Women (WOW) has developed a formula that suggests the average single worker needs to earn $30,012 a year – nearly twice the federal minimum wage – to cover basic expenses. Single parents require nearly twice the income ($57,756) to support two children, while dual-income households with children require $67,920.
