Posted on 07/06/2012 1:53:08 PM PDT by SeekAndFind
Here's a fun tidbit that I missed from the June jobs report. Most months, the number of people transferring out of the workforce on disability claims are easily dwarfed by the people who find jobs. In June? Hope and change, baby:
More workers joined the federal government's disability program in June than got new jobs, according to two new government reports, a clear indicator of how bleak the nation's jobs picture is after three full years of economic recovery.
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.
As Investors Business Daily further notes, that isn't the exception in the Obama recovery, but the rule:
The disability ranks have outpaced job growth throughout President Obama's economic recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.
I discussed this with economist John Lott, co-author of the book Debacle: Obamas War on Jobs and Growth, and What We Can Do Now to Regain Our Future, along with Grover Norquist. Lott explains that as people run out of jobless benefits after the two-year cycle, they look to transfer to a more permanent subsidy. These people have given up hope of finding any kind of work in the future, and probably for good reason; two years without a job makes skill sets erode, and creates anxiety among employers who are definitely in a buyer’s market in terms of labor needs. John explains further why this report is most certainly not a “step in the right direction,” and explains why American unemployment is now actually worse than in Europe:
The scammers are using 'mental' - say it's hard to disprove. Have a public temper tantrum - hire a 'disability lawyer' (for a percentage) and you're in.... I knew someone - - all 12 adult siblings were collecting (Social Security for life - youngest in 30's)... all except one used the mental excuse.
It used to be that the lawyers around here (Indiana) ran adverts on tv ambulance-chasing car wreck victims.
Now theyre all looking for Social Security disability clients.
Youve paid into the system all your working life, now its time to collect the benefits you deserve
No fees until your case is resolved
I guarantee that we will find out at some point that the administration deliberately lowered the SSDI qualifications simply to create more constituents.
Wonder how many of those people are on it because they actually need it versus how many are on it because dear leader’s been extending it over and over again and they want free money.
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