Monday, November 12, 2012

Data Points

From KWN:
“On Friday in the United States, the Department of Agriculture released its report showing the number of people receiving food stamps in August.  The total is 47.1 million people, which is a new record high, Eric, but here is what I believe to be a staggering comparison.  The number of people receiving food stamps increased in just that one month by over 420,000, while only 96,000 new jobs were created in August.”
So 4.3-times more people started receiving food stamps in August than got jobs.  Even the miracle 175,000 monthly increase in jobs that was reported just before the election pales in comparison to the number of new people receiving food stamps in August.

What this shows me, Eric, is that despite all of the hype coming from the politicians and central planners, the US economy continues to deteriorate rapidly

Yep, four times as many people were added to food stamps than jobs created. 

No comments:

Post a Comment