Has U.S. economy bottomed out? Census suggests yes

September 20, 2012 at 08:22 AM
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The 2011 census data is out and is providing a little light at the end of the tunnel. The jobless rate is still high, but analysts say the data taken as a whole points to a stabilizing U.S. economy. "It could be the modest number of new jobs or simply the belief that the worst is over," said Andrew Cherlin, professor of sociology and public policy at Johns Hopkins University.

Among the positive signs: About 12 percent of the U.S. population moved to a new home and fewer young adults were living with their parents.