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American Workers More Likely to Get on Disability Than Find a Job Since Obama Inauguration
Investors - 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 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 economic 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 new jobs created during the sluggish recovery. (Even after accounting for people who left the disability program because they died or aged into retirement, the disability ranks have climbed more than 1.1 million in the past three years.) Read full story here: News New Mexico
Another Month, Another Atrocious U.S. Jobs Report
Stocks fell on concern hiring has shifted into a lower gear, restricting consumer spending and leaving the economy more vulnerable to a global slowdown. The figures underscore concern among some Federal Reserve policy makers that growth isn’t fast enough to lower unemployment stuck above 8 percent since February 2009.
A Year Later D.A. Still "Reviewing" Evidence
According to the Albuquerque Journal, District Attorney Angela "Spence" Pacheco of Santa Fe, who was appointed the special prosecutor for Second Judicial District Pat Murdoch's rape case, says her office is still reviewing ëvidence involving a retired Albuquerque criminal judge accused and later cleared of raping a prostitute. Pacheco was appointed as special prosecutor days after Murdoch's arrest in July 2011. Why this D.A. would announce she is reviewing new evidence instead of simply reviewing it is anybody's guess.
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