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Thursday, August 6, 2009

Still Waiting to See Signs of Recovery

Reuters is reporting that, for the sixth month in a row, the number of American’s receiving food stamps has set a new record:
For the first time, more than 34 million Americans received food stamps, which help poor people buy groceries, government figures said on Thursday, a sign of the longest and one of the deepest recessions since the Great Depression

Enrollment surged by 2 percent to reach a record 34.4 million people, or one in nine Americans, in May, the latest month for which figures are available.

It was the sixth month in a row that enrollment set a record. Every state recorded a gain in participation from April. Florida had the largest increase at 4.2 percent.
In the three months after passage of the stimulus bill, over 1.8 million additional Americans have begun receiving food stamps.

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