Sunday, January 27, 2013

Why Disability Figures Are Good for Job Market


http://blogs.wsj.com/economics/2013/01/26/number-of-the-week-why-disability-figures-are-good-for-job-market/?mod=WSJBlog&mod=marketbeat



This article discusses Social Security Disability Insurance and their declining numbers. Social Security Disability Insurance pays benefits to you and certain members of your family if you are "insured," meaning that you worked long enough and paid Social Security taxes. Currently the number of people applying and getting approved for disability benefits hit multiyear lows in 2012, a potential sign of an improving labor market. There has long been a corelation between high unemployment and rising applications for disability. Usually this is due too the increase in poor americans and them reaching the end of their unemployment benefits. On the other hand this could be a positive sign that the economy is getting better. As the job market grows and new jobs are added people there is a trending decrease to file for Social Security Disability Insurance. What do you think?

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