Chart Of The Day: -4.6 Million Jobs, +21 Million On The Dole

This nation has become America the Jobless and America the Dependent. The BLS is reporting a net jobs deficit of 4.6 million during this economic depression, which is actually an underestimation by at least 4 million. But whether the net loss is 4.6 million or 9 million, this country has lost an incredible amount of employment opportunities while gaining 21 million food stamp and disability benefits recipients. It gets worse: the majority of jobs created during this depression have been low-wage, part-time McJobs, and the median household income has fallen steadily over the past 5 years, even after the recession "ended" in 2009. Demand for food stamps and disability benefits, on the other hand, has skyrocketed, and the spread between new Americans on the dole and jobs created has been getting larger. Pssst, there's never been a recovery, and this chart is going to look much worse when we go back into recession sometime around the beginning of the year.