Saturday, April 6, 2013

YOU GOT A JOB! (Cartoon Editorial)

Husband says "well, I did my part to cut the unemployment rate." Wife says "you got a job?" Husband says "no, I went on disability."

From Chip Bok:

The economy added 88,000 jobs in March and the unemployment rate dropped to 7.6%. The bad news is 500,000 people left the labor market. Only 63.3% of potential workers actually have a job. That’s the lowest labor market participation since 1979 according to IBD. If you include those who have given up looking for a job the unemployment rate is 11.1%.
In 1968 there were 51 full-time workers for every 1 on disability. In January 2013 that ratio is 13-1.