Disability Beneficiaries Outnumber Jobs in Manufacturing. Due to the poor economy and other factors, there are now more Americans collecting disability benefits than there are workers doing production work in manufacturing.
Source: U.S. Department of Labor, Bureau of Labor Statistics, and Social Security Administration,…
Read more
Record Numbers on Disability Benefits. The number of individuals receiving disability benefits has continued to climb to record levels, due to the poor economy and other factors.
Source: Social Security Administration, Recipients of Social Security, SSI, or Both.
_______________
As introduced on June 17, 2014, Ways and…
Read more
Record Numbers on Food Stamps. Never in the history of the program have so many individuals been forced to rely on food stamps due to the poor economy.
Source: U.S. Department of Agriculture, Supplemental Nutrition Assistance National Level Annual Summary.
________________
As introduced on June 17, 2014, Ways and Means…
Read more
Millions of College Grads Are Working Jobs That Don’t Require Their Degree. Nearly half of all college graduates are underemployed – that is, working in a job that does not require their college degree.
Source: Center for College Affordability and Productivity, Why are recent College Graduates…
Read more
Today’s College Grads Face Far Higher Unemployment Rates. Compared to their older peers, today’s college grads face higher rates of unemployment well beyond age 30.
Source: Federal Reserve Bank of New York, Are Recent Grads Finding Good Jobs?
________________
As introduced on June 17, 2014, Ways and Means Chairman Camp is…
Read more
Since I’ve studied a bit of economics at the University of Chicago, I want to start today with a quote from Milton Friedman: “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” I’ve spent the last two years on this subcommittee learning about many of our nation’s social services programs, and I’ve found that to ring…
Read more
In the Last Six Years, 99% of Net Job Growth Has Been Among Older Workers. The vast majority of job gains have been among older workers, leaving behind young adults and prime-age workers.
Source: U.S. Department of Labor, Bureau of Labor Statistics.
________________
As introduced on June 17, 2014, Ways and…
Read more
Washington, DC – Today, Ways and Means Committee Chairman Dave Camp (R- MI) issued the following statement on the August jobs report.
“We are still not seeing the job growth Americans deserve. Worse yet, a record number of Americans have dropped out of the labor force altogether. The Senate needs to act on the over forty House-passed jobs bills so we can jumpstart this…
Read more
Young People Aren’t Joining the Workforce. Nearly half of young adults ages 16-24 are not participating in the workforce.
Source: U.S. Department of Labor, Bureau of Labor Statistics.
________________
As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40…
Read more
Half of College Grads Are Still Relying on their Parents after Graduation. Half of graduates are still relying on their parents or other family members for financial help, causing many to postpone life goals like getting married, having children, or buying a home.
Source: Wall Street Journal Market Watch, Half of Parents…
Read more