(story at heritage.org)
Almost as many people signed up with the federal government's permanent worker disability program as got jobs in March, according to two sets of government data, continuing a troubling trend throughout the Obama recovery.(full story "Disability Ranks Continue to Surge Under Obama" at investors.com)
Last month, 81,804 workers left the workforce to join the Social Security Disability Insurance program. So far this year, nearly a quarter million workers have joined the program. Over the past four years, 4 million left the workforce to go on disability.
Since the recovery officially started in June 2009, more than 9 million have dropped out of the labor force, either because they retired, gave up looking for work, or signed up with a program like SSDI. This year alone, the number of people who aren't in the labor force shot up 959,000.
As a result, the labor force participation rate, which measures the number of people working or actively looking to the entire working age population, has fallen to 63.3%, from 65.7% at the start of the Obama recovery. That's the lowest level for this indicator since 1978.
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