The reports I allude to, contended that many went on disability. In fact, they projected that nearly 25% of those not actively seeking a job had applied for, and been accepted, by disability - mostly Social Security.
One of the reports came from a site called SoberLook.com (a perfectly logical place for the Friends of Fermentation to be browsing). The Sober report quoted extensively from a report by JPMorgan. I was unable to locate the original JPM report but we’ll assume that Sober quoted from it correctly. Anyway, here’s a bit from SoberLook: Read full story here: News New Mexico
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This president and the democratic party are benefiting from the loop holes that exist in the current system which measures the unemployment rate in America. I say, "benefiting", because if the American public were more accurately informed of the true rate of unemployment, politicians with a "D" next to their name would have a greater sense of urgency in making job creation their number one objective. Instead, driving the cost of energy higher continues to be their number one objective. And, they're achieving that objective at the expense of American citizens. Don't believe it? Take a look at the unemployment rate of the states aggressively pursuing the development of energy resources within their state. They are, without a doubt, the lowest unemployment rates in the nation. Want a job? If you're not voting republican in the next election you're either an employed member of a union, a government worker or you're satisfied eating cookies while watching re-runs of Jerry Springer in the middle of the day.
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