US | economic indicators Economy Has Hit Bottom, Census Suggests On the bright side, there's nowhere to go but up, census suggests By Kevin Spak Posted Sep 20, 2012 7:08 AM CDT Updated Sep 20, 2012 7:48 AM CDT Copied An oil truck passes a "now hiring" sign, Wednesday, May 9, 2012, in Kennedy, Texas. (AP Photo/Eric Gay) Are you a glass-half-full or a glass-half-empty type? Because that will have a lot to do with how you read the American Community Survey, a compilation of 2011 Census data and unofficial figures from the first quarter of 2012 giving us a glimpse at the US economy. With that much data you're bound to find both positive and negative signs. For instance: Half empty: Poverty increased for the fourth consecutive year, NPR observes. Half full: But it rose at a slower rate than it has in any of the previous three reports. "There's at least a hint that we've hit bottom in this post-recession malaise," one demographer says, because "we're going down at a slower pace." Half empty: The national median income fell 1.3%, and it fell a lot more than that in states that saw big hits in home values, the Wall Street Journal reports. Half full: "These are also the states that boomed the most, so we're talking about a higher peak to fall from," one economist says. Half empty: Homeownership is down for a fifth straight year to 64.6%, the AP reports. Half full: But Americans are on the move again, with about 12% moving, up from a record low of 11.6%, which is generally a positive sign. Even better: More young adults are moving out of their parents' homes. Half full: More good news for young adults: Many are benefiting from ObamaCare's provision allowing them to stay on their parents' health insurance. That provision alone sent the number of insured up 3.5%. Half empty: This one has nothing to do with the Census, but with two half-fulls in a row we thought you might be getting cocky. A new European Union survey that gauges business activity came in drastically lower than expected, pointing to a possible deepening of the economic recession there, the AP reports. Read These Next New Fox star, 23, misses first day after car troubles. White House rolls with Trump's 'daddy' nickname. Man accused of killing his daughters might be dead. Supreme Court ruling is a big blow to Planned Parenthood. Report an error