Allsup Disability Study: Income at Risk Examining income risk factors for people with disabilities 2011 Second Quarter Review July 2011
Allsup Disability Study: Income at RiskThe unemployment rate for people with disabilities jumped in the second quarter and continues to besignificantly higher than for those with no disabilities. Quarterly unemployment rates 18% 16.1% 15.7% 16% 15.6% 14.8% 14.8% 14.5% 14.9% 14.3% 14% 12% 10.3% 9.3% 9.3% 9.3% 9.3% 9.3% 10% 8.9% 8.6% 8% 6% 4% 2% 0% Q3‐09 Q4‐09 Q1‐10 Q2‐10 Q3‐10 Q4‐10 Q1‐11 Q2‐11 People with disabilities People with no disabilities During the second quarter 2011, the unemployment rate for people with disabilities reached its highest quarterly rate in nearly two years. For the second quarter 2011, people with disabilities experienced an unemployment rate more than 80 percent higher than people with no disabilities. Source: Allsup analysis based on U.S. Bureau of Labor Statistics data; not seasonally adjusted and includes those 16 and older.
Allsup Disability Study: Income at RiskThe unemployment rate for people with disabilities reached a record level in June. 18-month unemployment rates 20% 16.9% 16.4% 15.2% 14.7% 15.6% 15.4% 15.6% 15.6% 15.2% 13.8% 13.9% 14.4% 14.8% 14.8% 14.5% 14.3% 13.6% 14.5% 15% 10% 10.4% 10.3% 10.1% 9.3% 9.1% 9.4% 9.5% 9.3% 9.0% 8.8% 9.1% 9.7% 9.3% 8.9% 8.4% 8.5% 9.0% 8.9% 5% 0% 10‐Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. 11‐Jan. Feb. March April May June People with no disabilities People with disabilities Since the Bureau of Labor Statistics began tracking unemployment rates for people with disabilities in 2008, the unemployment rate for people with disabilities reached its highest rate of 16.9 percent in August 2009. In June 2011 – nearly two years later – the unemployment rate again tied the record. Also during the second quarter, the unemployment rate gap between people with and without disabilities widened. People with disabilities consistently have a higher unemployment rate and greater volatility in joblessness than those without disabilities. Source: Allsup analysis based on U.S. Bureau of Labor Statistics data; not seasonally adjusted and includes those 16 and older.
Allsup Disability Study: Income at RiskSocial Security Disability Insurance applications for the second quarter 2011 increased nearly 6 percentcompared to the first quarter 2011. SSDI applications 2,000,000 1,460,594 1,480,740 1,500,000 760,621 1,000,000 720,119 500,000 287,287 225,526 0 First half First half Q1 2011 Q2 2011 Jun‐10 Jun‐11 year 2010 year 2011 The number of people applying for Social Security Disability Insurance benefits increased nearly 6 percent from the first quarter to the second quarter of 2011. Contributing significantly to this was a 27 percent increase in applications for the month of June 2011 compared to June 2010. Specifically, the number of applicants rose more than 60,000, from 225,526 in June 2010 to 287,287 in June 2011. For the first six months of 2011, SSDI applications are more than 1 percent higher than for the first six months of 2010. Source: Allsup analysis based on Social Security Administration data.
Allsup Disability Study: Income at Risk Background information About Allsup: Allsup is a nationwide provider of Social Security disability, Medicare and Medicare Secondary Payer compliance services for individuals, employers and insurance carriers. Founded in 1984, Allsup employs nearly 800 professionals who deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. The company is based in Belleville, Ill., near St. Louis. For more information, visit www.Allsup.com. Allsup Disability Study: Allsup has been conducting the quarterly “Allsup Disability Study: Income at Risk” since 2009. Second quarter 2011 report: http://www.allsup.com/Portals/4/allsup-study-income-at-risk-q2-11.pdf Archive: http://www.allsup.com/about-us/news-room/income-at-risk-report-archive.aspx Source materials: U.S. Bureau of Labor Statistics, http://www.bls.gov/schedule/archives/empsit_nr.htm#2011 Social Security Administration, http://www.ssa.gov/OACT/STATS/dibStat.html Allsup contacts: Rebecca Ray, (800) 854-1418 ext. 65065, firstname.lastname@example.org Mary Jung, (773) 429-0940, email@example.com