Allsup: Rate of Unemployment among People with Disabilities Hits 3-year Low
The rate of unemployment among people with disabilities has dropped to its lowest quarterly rate in more than three years, a study by Allsup revealed.
Allsup is a nationwide provider of Social Security disability representation and Medicare plan services.
The scope of the study was the second quarter of 2012. Allsup’s study, which was titled Allsup Disability Study: Income at Risk, also mentioned that applications for Social Security Disability Insurance (SSDI) continue to become stable.
Statistical data found that the unemployment rate for people with disabilities was 12.9 percent on average. Conversely, the rate of unemployment among people without disabilities was 7.8 percent.
In the second quarter of 2012, some 731,817 people with disabilities applied for SSDI. This number was slightly up from the 724,746 individuals who applied during the first quarter of the year. In comparison, however, the 2012 second quarter data was 4 percent lower than that of last year’s.
According to Tricia Blazier, the personal financial planning manager of Allsup, people with disabilities “want to work and earn a living if they are able to do so.” But she went on to say that their “health may worsen,” especially “for those with the most severe disabilities.”
Allsup has been conducting this study on a quarterly basis since the first quarter of 2009.
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