On the stamp: Food stamp participation January 2010
Federal food stamp use is on the rise.
SoldAtTheTop
As a logical consequence of the prolonged economic downturn it appears that participation in the federal food stamp program is continuing to rise.
Skip to next paragraphWriter, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
Recent posts
-
12.24.11
New home sales up, but still depressed -
12.20.11
New home construction increases -
12.20.11
Housing market improves -
12.19.11
Private sector job openings drop -
12.17.11
Financial stress level: Elevated
Subscribe Today to the Monitor
In fact, household participation has been climbing so steadily that it has far surpassed the last peak set as a result of the immediate fallout following hurricane Katrina.
The latest data released by the Department of Agriculture shows that, on a year-over-year basis, household participation has increased 24.95% while individual participation, as a ratio of the overall population, has increased 21.36% over the same period.
The January results confirm that participation is continuing to climb dramatically, likely as a result of the recent jump in total unemployment, driving the nominal benefit costs up an astounding 44.62% on a year-over-year basis to $5,254,245,639 for the month.
Add/view comments on this post.
------------------------------
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.
