Food-Stamp Use Climbed to Record 46.7 Million in June, U.S. Says

Another bad sign..

A record 46.7 million Americans received food stamps in June, up 0.4 percent from the previous month, the government said.

Participation was 3.3 percent higher than a year earlier and has remained higher than 46 million all year as the unemployment rate has stagnated just above 8 percent. New jobless numbers will be released Sept. 7.

“Unemployment is stubbornly stuck,” making it difficult to significantly reduce the number of food-stamp recipients, Agriculture Secretary Tom Vilsack said in an interview last month. “While people are going back to work, and there are jobs being added, they aren’t being added at a clip that is as robust as anybody wants.”

[link to www.bloomberg.com]

Last Edited by THE INQUISADOR on 09/04/2012 10:34 AM