 |
| The jobs depression is now 5.67 years in length. |
The number of wage earners counted by the Social Security Administration reached a peak in 2007 at 155.57 million, and the long-awaited number for 2012 is just out here in the last couple of days: 153.63 million.
2012 marks the fifth consecutive year we have fallen under the 2007 record high for the number of employees earning income subject to Social Security taxation.
The 2012 figure is just under the 2006 figure of 153.85 million wage earners, so you might say things were closer to 2005 levels in 2012 than to 2006.
