Skip to comments.America's Disabled Recovery: 28,705,000 on Disability
Posted on 01/04/2013 4:56:34 PM PST by whitedog57
The Bureau of Labor Statistics (BLS) released their monthly jobs report. Now for the BLS Boogie. Nonfarm payrolls rose by 155,000 workers last month following a revised 161,000 advance in November that was greater than initially estimated.
The unemployment rate printed at 7.8% which is up from 7.7% in November but the same as the UPWARDLY REVISED print of 7.8%. U6 partial unemployment printed at 14.4%.
Labor force participation remained at 63.6%.
And the civilian employment to population ratio fell to 58.6, still stuck are 1983 levels. Thats a lot of people for the 58.6% to support!
The number of civilians that are disabled fell to 28,705,000. That is almost 10% of the population.
Of course, these are disappointing numbers for a December. And disappointing for the housing recovery in terms of owner-occupied housing. Multifamily housing has been the big winner recently. Improvement in employment would help the owner-occupied housing market greatly.
The Dollar Swaps curve has risen 40 basis points over the last month.
Same for the Treasury actives curve, but only a 35 basis point rise in the long end.
Lets see if The Fed sticks by it's guns about no more money printing. But with this projected trajectory of Federal spending, its likely that Big Ben will be called to the rescue.
but maybe if one doesn't LOOK disabled...like with a wheelchair or seeing eye dog or crutches etc ....then maybe they shouldn't be getting fat disability checks....
I know a guy (no it isn't me) who was in his early thirties, clean shaven, and fit looking, that parked in a handicapped spot one day; he had his little placard hanging from the mirror.
He got out of his car, shut the door and started to walk toward the door of the store. Suddenly some loudmouth woman started shooting off about how he was young and healthy and certainly didn't look disabled.
That's when the Marine pulled up his pant leg to reveal the fact he was an amputee. "That about about disabled enough for ya?"
My point was that I know that you can't always judge a book by it's cover when it comes to 'disability'.
DISMANTLE socialist security. Socialists, frauds, conmen, theives are destroying the U.S.A.
I should have been clearer with my description.
Doing nothing sucks.
I am now self-employed and semi-retired...and having a great time.
Cloward has since passed on, the Piven woman still lives. Twisted reasoning finds many takers, it might be human nature to beat the system. The downside is when those who DO work and produce, no longer can produce enough.
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