Posted in Main Blog (All Posts) on July 6th, 2012 11:08 pm by HL
Disability Rolls Outpace New Jobs in Obama Recovery
John Merline, IBD
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.
Bad News, Job Seekers: Recovery Will Stay Slow
Catherine Hollander, NJ
Bad news, job seekers–the economic recovery is probably occurring even more slowly than you thought. The Labor Department will release its latest jobs report on Friday. Economists expect the unemployment rate to remain at 8.2 percent, the same as the previous month but nearly 2 percentage points lower than the recession-era peak reached in October 2009.That’s a frustratingly slow decline, especially if you’re out of work. But when you compare it to the rate at which three other important indicators of labor-market health are improving–job openings, hires, and…
The Man Who Could Swing Ohio for Mitt
Joe Hallett, Columbus Dispatch
Rob who?Ask the question — “Does the name Rob Portman ring a bell?” — on Main Street in this Ottawa County hamlet and that answer will register on most voters’ faces.It was posed randomly to 15 on a sizzling day this month; only five said they had ever heard of Portman. And only two of those five knew definitively that he is a U.S. senator from Ohio who reportedly tops the list of candidates to be Republican presidential candidate Mitt Romney’s running mate.