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Are we creating jobs or disabilities?

Submitted by Roanman on Wed, 07/18/2012 - 18:36


From Investor Business Daily which increasingly is becoming our morning newspaper of choice.

As always click on the chart for the entire piece.


Disability Ranks Outpace New Jobs In Obama Recovery


 Posted 07/06/2012 04:36 PM ET

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.