That latest job report shows one of the most persistent disconnects in the economy.
Here’s an interesting trend. That share of the population, what’s known as the U6 rate, tracks pretty closely with the share of Americans who receive food assistance through the Supplementary Nutrition Assistance Program, or SNAP.
More than 45 million Americans are a part of SNAP, but the gains in the jobs report don’t seem to make that budge at the ground level.
And how people spend their SNAP money is just part of the debate in Washington over food stamp spending. In January, Congress voted to cut 8.6 billion dollars from SNAP over the next ten years, despite a new report from the agriculture department saying one in seven Americans is food insecure.
That means, in those households, at least one family member goes without the recommended number of meals.
We visited a food pantry in the Bronx in New York to put food insecurity in context. Click play above to hear more about food insecurity in the U.S.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.