Chart of the Week: Job Openings Hit a 13-Year High This Summer
August 15, 2014
02:46 PM EDT
Each day, American businesses are firing on all cylinders to create jobs and drive America’s economic growth. Just last month, our private sector added jobs for the 53rd straight month, the longest streak on record. In total, American businesses have added 9.9 million jobs since early 2010. This week, we saw another sign of progress, as the number of available jobs rose to the highest level in more than 13 years.
American business owners advertised 4.67 million jobs in June, the highest number of openings since February 2001 — a clear signal that the economy is strengthening. Take a look at how we went from record lows during the Great Recession to hitting a new high this summer — then share the good news:
This chart depicts the total number of nonfarm job openings that American employers have offered since 2001. The increasing number of job openings means employers are looking to hire and expand — a good indication that our economy is continuing to grow.
In order to continue this momentum, the President is dedicated to working with Congress to enact policies that will expand economic security and opportunity for all and create new jobs, including raising the minimum wage and investing in areas like infrastructure and manufacturing.
While he is committed to working with Congress, he will not wait to take action on behalf of the American people. Take a look at the actions the President has taken this year alone to strengthen our economy and the security of our middle class.
The 35.4 Percent: 109,631,000 on Welfare
109,631,000 Americans lived in households that received benefits from one or more federally funded “means-tested programs” — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau.
The Census Bureau has not yet reported how many were on welfare in 2013 or the first two quarters of 2014.
But the 109,631,000 living in households taking federal welfare benefits as of the end of 2012, according to the Census Bureau, equaled 35.4 percent of all 309,467,000 people living in the United States at that time.
When those receiving benefits from non-means-tested federal programs — such as Social Security, Medicare, unemployment and veterans benefits — were added to those taking welfare benefits, it turned out that 153,323,000 people were getting federal benefits of some type at the end of 2012.
Subtract the 3,297,000 who were receiving veterans’ benefits from the total, and that leaves 150,026,000 people receiving non-veterans’ benefits.
The 153,323,000 total benefit-takers at the end of 2012, said the Census Bureau, equaled 49.5 percent of the population. The 150,026,000 taking benefits other than veterans’ benefits equaled about 48.5 percent of the population.
When America re-elected President Barack Obama in 2012, we had not quite reached the point where more than half the country was taking benefits from the federal government.
It is a reasonable bet, however, that with the implementation of Obamacare — with its provisions expanding Medicaid and providing health-insurance subsidies to people earning up to 400 percent of poverty — that if we have not already surpassed that point (not counting those getting veterans benefits) we soon will.
What did taxpayers give to the 109,631,000 — the 35.4 percent of the nation — getting welfare benefits at the end of 2012?
82,679,000 of the welfare-takers lived in households where people were on Medicaid, said the Census Bureau. 51,471,000 were in households on food stamps. 22,526,000 were in the Women, Infants and Children program. 20,355,000 were in household on Supplemental Security Income. 13,267,000 lived in public housing or got housing subsidies. 5,442,000 got Temporary Assistance to Needy Families. 4,517,000 received other forms of federal cash assistance.
How do you put in perspective the 109,631,000 people taking welfare, or the 150,026,000 getting some type of federal benefit other than veterans’ benefits?
Well, the CIA World Factbook says there are 142,470,272 people in Russia. So, the 150,026,000 people getting non-veterans federal benefits in the United States at the end of 2012 outnumbered all the people in Russia.
63,742,977 people live in the United Kingdom and 44,291,413 live in the Ukraine, says the CIA. So, the combined 108,034,390 people in these two nations was about 1,596,610 less than 109,631,000 collecting welfare in the United States.
It may be more telling, however, to compare the 109,631,000 Americans taking federal welfare benefits at the end of 2012 to Americans categorized by other characteristics.
In 2012, according to the Census Bureau, there were 103,087,000 full-time year-round workers in the United States (including 16,606,000 full-time year-round government workers). Thus, the welfare-takers outnumbered full-time year-round workers by 6,544,000.
California, the nation’s most-populated state, contained an estimated 38,332,521 people in 2013, says the Census Bureau. Texas had 26,448,193 people, New York had 19,651,127, and Florida had 19,552,860. But the combined 103,984,701 people in these four massive states still fell about 5,646,299 short of the 109,631,000 people on welfare.
In the fourth quarter of 2008, when President Obama was elected, there were 96,197,000 people living in households taking benefits from one or more federal welfare programs. After four years, by the fourth quarter of 2012, that had grown by 13,434,000.
Those 13,434,000 additional people on welfare outnumbered the 12,882,135 people the Census Bureau estimated lived in Obama’s home state of Illinois in 2013.