In February, the poverty rate was 11.2%, down from 11.6% in November, the trio found.
Still, the poverty rate remains higher than it was prior to the pandemic and immediately after the $2 trillion relief deal that lawmakers passed a year ago, which included $1,200 stimulus payments and a historic expansion of unemployment benefits, including a $600 weekly federal enhancement for four months.
The rate fell from 10.7% in February 2020, before the coronavirus began upending the economy, to a low of 9.1% in May, thanks to the federal aid. But it then began climbing as the benefits from the original stimulus agreement lapsed.
Still, even with the unprecedented federal aid flowing to Americans, some continue to struggle.
The poverty rate for those with no more than a high school degree stood at 21.8% last month, up from a recent low of 16.7% in June — far higher than the rate for those with at least some college, which was 5.7% in February and 6.1% in June, the trio of researchers found.
Some 21% of Black Americans were in poverty last month, up from a recent low of 16.1% in May. That compares to 9.1% for White Americans in February, up from 7.9% in May.