Guest Post by Anthony Sanders
The Economist blasted the following headline in February: “At last, a proper recovery.”
So, is it their considered opinion that an economy that adds more people to disability than to the labor force is having “a proper recovery?”
To be more specific, since August 2010, the US economy had added 2.96 million to the Civilian Labor Force. But at the same time, 3.2 million were NOT in the labor force due to a disability.
Another troubling fact is — continued jobless claims have come down by 2.1 million since August 2010. But not in labor force with a disability rose by 3.2 million.
And it is curious (greenback) that as The Federal Reserve keeps purchasing assets for its balance sheet, the number of people NOT in the labor force with a disability has risen.
When the US jobs “recovery” places more people on disability than it does the civilian labor force, we’ve got trouble.
