Disability Explosion Dragging Down Economic Growth

Posted by & filed under Conservative Wisdom.

The rapid rise in the number of Americans applying for and entering the Social Security Administration disability program has cost an estimated 0.6% of national output since the start of the recession, representing roughly $ 95 billion annually in lost economic growth. Each month, 14 million Americans receive some form of disability check, costing taxpayers an estimated… Read more »

ADP’s monthly report on private job growth hints at weakness in government report due Friday

Posted by & filed under Daily Kos.

Change in Nonfarm Private Employment (in thousands) Automatic Data Processing reported Wednesday that a seasonally adjusted 158,000 private-sector jobs were added to the economy in March, considerably fewer than forecast by a consensus of experts surveyed by Bloomberg in advance. That suggests that the government’s monthly jobs report due out Friday from the Bureau of… Read more »