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

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Business Standard
Last Updated : Feb 06 2013 | 7:40 AM IST

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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First Published: Feb 04 2013 | 12:09 AM IST

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