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amassafortune (29.19)

The More They Work, The Hungrier They Get



April 03, 2011 – Comments (0) | RELATED TICKERS: EAT , FREED

Nov 2010 unemployment rate = 9.8%  Food stamp recipients 43.6 million

Dec 2010 unemployment rate = 9.4%  Food stamp recipients 44.1 million

Jan 2011 unemployment rate = 9.0%  Food stamp recipients 44.2 million

Feb 2011 unemployment rate = 8.9%  USDA numbers avail in May

Mar 2011 unemployment rate = 8.8%  USDA numbers avail in Jun


The government has a few possible remedies to this trend of more people applying for food stamps as they return to work in higher numbers. 

They could move food stamp statistical collection from the U.S. Dept of Agriculture to the Bureau of Labor Statistics. 

They could lend a few BLS statisticians to the USDA and start making adjustments for personal garden plots, local food pantry activity, wild raspberry and blueberry seasons, and roadkill.

Some people claim both sets of numbers are correct and food stamp usage is just a reflection of the quality of jobs being created. The flat workweek and hourly pay rate data support this idea.



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