Relevant:
- 8,753,935: Workers on Disability Set Another Record in July; Exceed Population of 39 States
- 3.1 Million Workers Join Disability Ranks Vs. 2.6 Million That Got Jobs In Obama 'Recovery'
- How Privatized Social Security Works in Galveston (And MLI's "Moron of the Month")
- Social Security Ran $47.8B Deficit in FY 2012; Disabled Workers Hit New Record in December: 8,827,795
- June Unemployment Underwhelms
2012-07-07 — theeconomiccollapseblog.com
The U.S. economy created just 80,000 new jobs during the month of June. Normally, about 125,000 new jobs need to be created every month just to keep up with population growth. So it is a bit odd that the official unemployment rate did not rise above 8.2%. What is even more alarming is that the Social Security Administration is telling us that 85,000 U.S. workers "left the workforce" and enrolled in the Social Security Disability Insurance program during the month of June. That means that the number of Americans enrolling in Social Security Disability actually exceeded the number of new jobs that was created. That is definitely not a sign of recovery.
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