Working poor in US increasing, Debt a threat to global economy

Source : BUSINESS_STANDARD
By : Business Standard
Last Updated: Sun, Feb 03, 2013 20:12 hrs

The US economy shrunk unexpectedly in Q4 of 2012, signifying bad news for families struggling with poverty despite parents being employed — the working poor’. More people returned to work but mostly took up low-paying jobs. Meanwhile, data compiled by UN found the debt gridlock posed the biggest risk to the global economy (Click on graphic)

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