More on the June unemployment figures

John Merline of Investors Business Daily looked at the June employment figures and tells you all you need to know about the truly bleak employment situation. 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...(Read Full Post)

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