Page 1 of 1

Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Mon Jul 09, 2012 5:27 pm
by clenz
Image

http://news.investors.com/article/61723 ... -obama.htm" onclick="window.open(this.href);return false;

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.

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.

In addition, while hiring has been very weak during the recovery, the number of people who have dropped out of the labor force entirely has exploded by 7.3 million since June 2009, an IBD analysis of BLS data show. Some aged into retirement, but most either signed up for disability, stayed in school, moved back in with parents, or just quit looking for a job.

As a result, the "labor force participation rate" — the number of people who have jobs or are actively looking for one compared with the entire working-age population — is now 63.8%, down from 65.7% in June 2009. This participation rate is at the lowest levels in 30 years. In previous recoveries, the participation rate has almost always risen, not fallen.

Other indicators show that the three-year-old economic recovery isn't producing jobs in adequate numbers:

The unemployment rate has been above 8% for 41 consecutive months. In the previous 60 years, the jobless topped 8% in a total of only 39 months.

The number of people with jobs is still nearly 5 million below its pre-recession peak.

The number of long-term unemployed — those out of work 27 weeks or more — is still 5.4 million — almost 1 million higher than when the recovery began, and almost twice the level it ever reached prior to Obama's recovery.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Mon Jul 09, 2012 5:42 pm
by YoUDeeMan
Stunning numbers. :ohno:

But, not unexpected in Obama's entitlement world. :dunce:

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Mon Jul 09, 2012 7:10 pm
by LeadBolt
So this can be summed up by saying that the Obama recovery is disabling us!

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Mon Jul 09, 2012 11:55 pm
by Chizzang
So you're assuming all the disability claimants were Democrats then..?


:rofl:

What do you want to bet the Red states disability claims are pretty high :nod:

Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Tue Jul 10, 2012 1:09 am
by Tod
Chizzang wrote:So you're assuming all the disability claimants were Democrats then..?


:rofl:

What do you want to bet the Red states disability claims are pretty high :nod:
I'll bet they are higher, per capita, and they'll still claim they have never benefitted from a gov't program...

...that was signed into law in 1984, by Reagan.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Tue Jul 10, 2012 4:42 am
by CitadelGrad
Chizzang wrote:So you're assuming all the disability claimants were Democrats then..?


:rofl:

What do you want to bet the Red states disability claims are pretty high :nod:
First, there are no red states or blue states. There are only states of varying shades of purple.

Second, the idea isn't to put only Democrats on disability. The idea is to make as many people as possible dependent on the government's transfer payments. Naturally, once those people become dependent, they vote for the party of government and transfer payments. This is just another scheme like the Great Society, designed (successfully) to lock up Dem-dependent voters for generations. LBJ said of his Great Society programs: “I'll have those niggers voting Democratic for the next 200 years."

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Tue Jul 10, 2012 5:20 am
by LeadBolt
Chizzang wrote:So you're assuming all the disability claimants were Democrats then..?


:rofl:

What do you want to bet the Red states disability claims are pretty high :nod:
You miss the point, those who would enslave a majority of the population to government dependency would prefer to convert those who the opposite world view, it expands their base while putting those who already see the world their way does not.

LBJ's comments about locking up the black vote for Democrats for 200 years with the Great Society was aimed at wiping out the last vestiges of Republican support among blacks left over from the Republicans support of freeing of the slaves.

The really scary thing is the drop in the labor force participation rate. Fewer and fewer workers are supporting more and more government dependents.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Tue Jul 10, 2012 5:46 am
by clenz
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Tue Jul 10, 2012 5:58 am
by LeadBolt
Duplicate.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Thu Jul 12, 2012 5:30 am
by kalm
Paging Expandspandos.

Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Thu Jul 12, 2012 8:02 am
by CID1990
What I am reading between the lines here is that disability is too easy to qualify for if people who would otherwise be working are receiving it.

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Thu Jul 12, 2012 8:58 am
by Wedgebuster
Glad this is part of a recovery. Was disability keeping pace with the 2007-2008 economic collapse?

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Thu Jul 12, 2012 9:55 am
by Ibanez
Is there a correlation between this and soldiers returning from war? Or, are VA disability claims not inlcuded?

Re: Disability Ranks Outpace New Jobs In Obama Recovery

Posted: Thu Jul 12, 2012 1:35 pm
by Trapped in CA
Ibanez wrote:Is there a correlation between this and soldiers returning from war? Or, are VA disability claims not inlcuded?
Different programs - civ & va. And anyone submitting a VA disability claim knows that they are just getting to the first gulf war vets... I joke (slightly).