Food-Stamps Reach 33.8 Million in April, 5th Consecutive Monthly Record
The record hit parade keeps right on rolling. Earlier today, in Continuing Claims Soar by 159,000 to New Record; Initial Jobless Claims Skewed By Autos I noted The peak in initial claims might be in but the peak in unemployment has not. Moreover, reported continuing claims hit 6.883 million, setting a new all time record. However, the real number of continuing claims is closer to 9.4 million on account of extended benefits via the Emergency Unemployment Compensation (EUC) program as detailed in the above link. I hope to have charts of this phenomenon later today or tomorrow. Unsurprisingly another record was broken today and that is a record for food stamps
See the article here:
Food-Stamps Reach 33.8 Million in April, 5th Consecutive Monthly Record