Record Number of Americans Using Food Stamps

One in 10 Americans were participating in the food stamp program as of September, said Dottie Rosenbaum, analyst with Center on Budget and Policy Priorities, a think tank.

That’s approaching the all-time high of 10.5 percent of the population that used the program in 1994, and is similar to levels seen in the early 1980s, she said.

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We can expect to see that percentage rise as bad economic news continues pouring in…

U.S. Economy: Jobless Rolls Climb to 26-Year High

More Americans are collecting jobless benefits than at any time in the last 26 years as companies rush to cut costs in a sinking economy.

The number of people on unemployment benefit rolls rose to 4.09 million in the week ended Nov. 22, the most since December 1982, the Labor Department said today in Washington. A separate report showed orders at U.S. factories tumbled in October by the most in eight years as demand collapsed at home and abroad.

and

U.S. Retail Sales Fall in Worst Drop in Four Decades

Sales at U.S. retailers tumbled in November, the worst monthly decline in almost four decades, after the Wall Street meltdown caused consumers to postpone shopping until the holiday-sales kickoff on Black Friday.

J.C. Penney Co., Nordstrom Inc. and Gap Inc. all reported sales drops of 10 percent or more at stores open at least a year.

Also…

Factory Orders in the U.S. Decrease 5.1%, Most in 8 Years

Orders placed with U.S. factories in October fell by the most in 8 years, signaling a decline in manufacturing will contribute to deepening the recession.

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