I still have difficulty in seeing how that proves there is no recovery underway, especially since there are so many references to it in reports, media, and even the blogosphere.
Well Wayne, we know the main stream media always tells the truth, eh?
No, but it is less likely to survive the review. Of course, I would not count the Faux news sources in that probability.
You can believe all the propaganda you want. Everything is all rainbows, flowers and unicorns crapping candy out their ....
I still say that food stamp participation rate tells the story.
Not unless you have a lot of addendums to the chart. The number of those elligble exceede those who had applied, which should be the case now, but the circumstances are not known.
Its on an uphill climb every month. Why is that?
More people are making the application who are eligble?
Inflationary pressures on food prices?
Like rising fuel costs being passed on to the consumer?
You'd have to be blind not to see the increases in food costs either directly or less and less product in the packages but at the same price as before.
That means there is no recovery how?
Maybe those increases in jobs you've talked about are low paying, or part time, where the income received is not enough to pay for necessities?
Maybe, or maybe they are some of the families who report changes in their situation to SNAP authorities on quarterly or on a semi-annual basis and will not change status until then.
You explain it away by calling it a lagging indicator, eh?
No, I point to the aspects you seem to overlook in the rush to claim that data proves there is no recovery.
I hope you're right but until that number starts decreasing I don't see your so called road to recovery.
I somehow wonder if you would see it then.