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Drop in disability rolls adds to signs of U.S. labor market recovery
The number of Americans on disability has declined for six months in a row in a sharp turnaround after years of increases, more evidence of the labor market recovery the Federal Reserve wants to see before nudging interest rates higher. Social Security disability rolls have climbed since the 1980s as the U.S. population has grown older and soared during and after the global financial crisis. That stoked fears that shrinking workforce will stunt the economy’s future growth. Read more…
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