immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

2011 Census Data

Economic Recovery Dept: New 2011 census data released Thursday offer glimmers of hope in an economic recovery that technically began in mid-2009. But not all is well. The jobless rate remains high at 8.1 per cent. Home ownership dropped for a fifth straight year to 64.6 per cent, the lowest in more than a decade. More Americans than ever are turning to food stamps, while residents in housing that is considered crowded held steady at 1 per cent, tied for the highest since 2003, according to CTV. Taken as a whole, however, analysts say the latest data provide wide-ranging evidence of a stabilizing U.S. economy. Coming five years after the housing bust, such a levelling off would mark an end to the longest and most pernicious economic decline since World War II and wASHINGTON -- The U.S. economy is showing signs of finally bottoming out: Americans are on the move again after record numbers had stayed put, more young adults are leaving their parents' homes to take a chance with college or the job market, once-sharp declines in births are levelling off and poverty is slowing. And growth in the foreign-born population is slowing. (www.immigrantscanada.com). As reported in the news.