From the American Thinker:
EXCERPT:
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
Read more:
http://www.americanthinker.com/blog/2012/07/more_on_the_june_unemployment_figures.html#ixzz1zwgB74yJ
Restore Free Enterprise - that will renew and restore our nation.
There are only two numbers that really matter. All the rest of this is mumbo jumbo, one-dimensional, fluff. In any particular time period, take a month for example, if the number of unemployment filings is greater than the number of W4 new job filings then the workforce is sliding. Anyone using one to make a point without comparing it to the other is a waste-of-space blowhard and needs to be dismissed as a partisan axe-grinder.
I’m not sure if jobs have actually stopped going out of the country, it seems to be slowing, but until that happens the US workforce prospects will be circling the bowl.