Wednesday, October 6, 2010
The number of Americans receiving food stamps rose to a record 41.8 million in July as the jobless rate hovered near a 27-year high, the government said.
Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 18 percent from a year earlier and increased 1.4 percent from June, the U.S. Department of Agriculture said today in a statement on its website. Participation has set records for 20 straight months.
Unemployment in September may have reached 9.7 percent, according to a Bloomberg News survey of analysts in advance of the release of last monthâ€™s rate on Oct. 8. Unemployment was 9.6 percent in July, near levels last seen in 1983.
This article was posted: Wednesday, October 6, 2010 at 10:14 am