Food banks, just like the unemployment offices, are seeing skyrocketing numbers. From Tyler Durden at zerohedge.com:
America is crashing into a depression. In just two weeks, 10 million people have claimed unemployment benefits. This has put unprecedented stress on food bank networks across the country, a new investigation via The Guardian shows.
The US labor market is in free fall – the increasing lockdowns across major US metropolitan areas have forced millions of people out of work and into a hunger crisis.
The Guardian shows demand for food aid in some regions of the country has surged eightfold in recent weeks as RealInvestmentAdvice.com’s Lance Roberts warns the unemployment rates in the US could spike to levels not seen since the “Great Depression,” or about 15-20% in the second quarter.