9-5-2012
http://finance.yahoo.com/news/recor...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
Record 46 Million Americans on Food Stamps
"The unemployment data is not really telling us the true story of how many people are underemployed," says Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Food stamps are "a good indication of how the income of the workforce has stagnated and more and more people are applying for food stamps."
15 percent of the American population is on the program.
The costs, at $6.025 billion for the month.
There were fewer than 31 million people on food stamps as recently as November 2008
"The economy has fewer good jobs now than it did at the start of the 21st century," Annette Bernhardt, policy co-director at the NELP, said in a statement. "Indeed, it's important to recognize that the U.S. labor market was already in trouble before the Great Recession, the result of 30 years of growing wage inequality and shrinking numbers of good jobs."
http://finance.yahoo.com/news/recor...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
Record 46 Million Americans on Food Stamps
"The unemployment data is not really telling us the true story of how many people are underemployed," says Peter Cardillo, chief market economist at Rockwell Global Capital in New York. Food stamps are "a good indication of how the income of the workforce has stagnated and more and more people are applying for food stamps."
15 percent of the American population is on the program.
The costs, at $6.025 billion for the month.
There were fewer than 31 million people on food stamps as recently as November 2008
"The economy has fewer good jobs now than it did at the start of the 21st century," Annette Bernhardt, policy co-director at the NELP, said in a statement. "Indeed, it's important to recognize that the U.S. labor market was already in trouble before the Great Recession, the result of 30 years of growing wage inequality and shrinking numbers of good jobs."