Saturday, July 7, 2012

More People Went on Disability than Found Jobs in June

It would have been easy for President Obama to miss the finer points of yesterday's jobs report, given that he only spent 26 seconds speaking about it in Ohio. But do these numbers look like "a step in the right direction" to you?
The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.
The disability ranks have outpaced job growth throughout President Obama's recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.
In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the sluggish recovery. (Even after accounting for people who left the disability program because they died or aged into retirement, disability ranks have climbed more than 1.1 million in the past three years.)
And the disability ranks will continue to swell. In just the last month, almost 275,000 put in applications for disability benefits. Experts say that more people try to get on disability when jobs are scarce, and changes to eligibility rules enacted back in 1984 have made it far easier to qualify.
Yes -- more people went on the government dole than found jobs, and our president called that progress. The safety net is obviously here to help those who need it, but it's very clear that too many people do need it right now -- in other words, this isn't much of a recovery.

Read more: http://townhall.com/tipsheet/katehicks/2012/07/07/hopenchange_more_people_went_on_disability_than_found_jobs_in_june

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