Green Energy
From Zero Hedge:
- The Real Economy: America’s Second-largest Employer Is A Temp Agency
Behind Wal-Mart, the second-largest employer in America is Kelly Services, a temporary work provider.Friday’s disappointing jobs report showed that part-time jobs are at anall-time high, with 28 million Americans now working part-time. The...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
- 5 Million Americans Lost
From the American Thinker: Five million Americans have been thrown under the bus. They are walking around dazed, outcast, and defeated. Worst of all, they are not even counted in official tallies of the unemployed. They are those...
- He's Not Carter, He's Hoover, Headed For Buchanan
The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the worst economic slump in seven decades.________________________________________________________________1)...
- Our Long Recovery Summer Of Discontent Part Deux
Boston.com: Food stamp use hit record 40.8m in May By Bloomberg News August 5, 2010 WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government...
Green Energy
Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty In Last Two Months
From Zero Hedge:
And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7 million Americans are now living in poverty at least according to the USDA. The monthly increase was the highest since May 2011, and with August's 421K new impoverished America, over 1 million Americans made the EBT card their new best friend.
It is unclear just which atmospheric phenomenon will get the blame for this unprecedented surge in poverty, which comes at a time when the pre-election economic data euphoria was adamant that the US economy was on an escape velocity to utopia. Instead what we do know is that in August and September, over three times as many foodstamp recipients were add to the economy as jobs (324,000).
We also know that with the imminent impact of Sandy, which will send foodstamp recipients soaring, it is now looking quite possible that the US may end 2012 with just over a mindboggling 50 million Americans living in absolute poverty and collecting the $134.29 average monthly benefit per person, instead of working. Welcome to the recovery indeed.
Individual Americans on foodstamps:
Foodstamps at the household level rose to a record 24 million:
Aggregating foodstamp, disability and nonfarm payrolls data shows that since the start of the Depression in December 2007, 21.8 million Americans have shifted more or less permanently to the entitlement line, even as the US still has to generate 4.4 million jobs just to break even.
And the same shown on a monthly basis:
- The Real Economy: America’s Second-largest Employer Is A Temp Agency
Behind Wal-Mart, the second-largest employer in America is Kelly Services, a temporary work provider.Friday’s disappointing jobs report showed that part-time jobs are at anall-time high, with 28 million Americans now working part-time. The...
- Figgers.
IBD: Disability Ranks Outpace New Jobs In Obama Recovery By JOHN MERLINE, INVESTOR'S BUSINESS DAILY View Enlarged ImageMore workers joined the federal government's disability program in June than got new jobs, according to two new government...
- 5 Million Americans Lost
From the American Thinker: Five million Americans have been thrown under the bus. They are walking around dazed, outcast, and defeated. Worst of all, they are not even counted in official tallies of the unemployed. They are those...
- He's Not Carter, He's Hoover, Headed For Buchanan
The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the worst economic slump in seven decades.________________________________________________________________1)...
- Our Long Recovery Summer Of Discontent Part Deux
Boston.com: Food stamp use hit record 40.8m in May By Bloomberg News August 5, 2010 WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government...