ScienceRocks
Democrat all the way!
- Banned
- #1
US Foodstamp Usage Rises To New Record High
ZeroHedge ^ | 10/5/2012 | Tyler Durden
Reason For Today's Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement | ZeroHedge
ZeroHedge ^ | 10/5/2012 | Tyler Durden
Reason For Today's Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement | ZeroHedge
...[T]here was one other, far more important data point released by the government's Department of Agriculture, sufficiently late after the market close to impact no risk assets. That data point of course was foodstamps (or the government's Supplemental Nutrition Assistance Program, aka SNAP), and we are confident that no readers will be surprised to learn that foodstamp usage for both persons and households, has jumped to a new all time record.
At 46,681,833 million the persons hooked on SNAP, the July number crossed the previous record posted a short month before, as the foodstamp curve continues 'plumbing' newer and greater heights each month.
More disturbing is that in the same month, the number of US households reliant on foodstamps rose by a whopping 99,493 to 22,541,744.