Monday, October 1

Report: 15% of Americans on food stamps

Report: 15% of Americans on food stamps

Christian Science Monitor / Getty Images

A record number of Americans use these food stamp card to food these days purchase.

The number of Americans on food stamps hit a record in June, and economists expect not much improvement, as long as unemployment remains high.

Those receiving benefits through the Supplemental nutrition assistance program numbered 46,370 million, the Government announced, in a report, only a few days before non-agricultural payrolls monthly report, taken, the Ministry of labour Friday are free.

The two numbers are inseparable connected as the economy battles, which ended its way back from the crippling recession, which research says the National Bureau of economic 2009.

"The unemployment data really tell is the true story of how many people underemployed, are," said Peter Cardillo, Chief market Economist at Rockwell global capital in New York. Food stamps are "A good indicator, as the income of the workers stagnated has and apply more and more people for food stamps."

With 22.40 million households with food stamps is fully 15 percent of the American people on the program. The cost at $6,0250 billion for the month, are the average monthly benefits per person to $132.96 has modestly rejected directly on the record, however.

While the unemployment rate actually from the 10 percent of readings, which survived, it appeared in 2009 has increased the number of participants for the SNAP program.

Only less than 31 million people in November 2008 on food stamps lived, but aggressive on the by President Obama management has contributed to participation, with a total increase of 44% since the President in January 2009 came to power to build.

Liberal commentator Alan Colmes, in a Wall Street Journal op-ed piece Tuesday, the extension as an important achievement of the Obama "remain quoted administration, such as participants only on average nine months" and circulate back into the economy for every dollar spent for food stamp $1.73.

But if Cardillo is correct and the spread of food-stamp recipients underemployment and wages is stagnation, signals, that could claim difficult times for reduction in spending. Cardillo, said only 90,000 new jobs were created in August, and the unemployment rate was 8.3 per cent.

Citigroup Economist Steven C. Wieting, in a recent analysis, said that there are more than 3 million Americans are still without work, who lost their jobs but did not in the housing-related industries, after the financial crisis, which most suffered.

Therefore he said in an interview, recovery will be slow in the coming as this noncyclical job losses more difficult to fix will be.

"Growing economy and it is likely to continue to grow", Wieting said. "But it is three steps back and one step forward, and many of the cyclical improvement in the economy of very depressed lows." "But we are very, very far away, normal labour markets."

In fact, last week from the national employment law project underlined data as far as it will go.

The Group found that 58 percent of all jobs paid $13.83 per hour in the past two years or less were only 22 percent in the "midwage" class of $13.84 to $21.13 an hour, although this group 60 percent of jobs during the recession lost.
"The economy of less good jobs now than still at the beginning of the 21st century", said Annette Bernhardt, policy co-director at NELP, in a statement. "In fact, it is important to recognize that the U.S. labor market was already in trouble before the great recession, reward the result of 30 years of the growing inequality and shrinking number of good jobs."

Wieting, said the economy is "on the way to seven years only to return to the level of employment, where they were at the beginning of the downturn", and suggested that the economy is closer to depression, as it is the inflation that would signal growth.

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