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1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus

Posted By admin On June 15, 2011 @ 3:51 am In Featured Stories | Comments Disabled

Matt Cover
CNS News [1]
June 15, 2011

Twenty-eight months after Congress passed President Obama’s signature economic stimulus law, and nearly one year after he declared the summer of 2010 to be “Recovery Summer,” 1.9 million fewer people are employed.

In February 2009, the Bureau of Labor Statistics (BLS) reported that 141.7 million people were employed. By the end of May 2011 – the last month for which data are available – that number had fallen to 139.8 million, a difference of 1.9 million.

While the number of people with jobs has increased slightly from its low point during the recession – 137.9 million in December 2009 – those 1.9 million jobs have been lost despite $800 billion in stimulus spending.

This does not mean that the economy is not creating jobs, but rather that it is not creating jobs fast enough to keep up with a combination of layoffs and people entering the job market for the first time.

Full article here [1]

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1.9 Million Fewer Americans Have Jobs Today Than When Obama Signed Stimulus 260310banner2 [3]


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URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/after-28-months-stimulus-spending-19-mil

[2] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[3] Image: http://purewaterfreedom.com/

[4] Stimulus Swindle: Los Angeles Spent $70 Million in Stimulus Funds to Create 7.76 Jobs: http://www.prisonplanet.com/stimulus-swindle-los-angeles-spent-70-million-in-stimulus-funds-to-create-7-76-jobs.html

[5] Biden: ‘Nobody Can Look You in the Eye and Tell You … Stimulus Did Not Create Jobs;’ Yes, at $412,500 Per Job: http://www.prisonplanet.com/biden-%e2%80%98nobody-can-look-you-in-the-eye-and-tell-you-stimulus-did-not-create-jobs%e2%80%99-yes-at-412500-per-job.html

[6] 195,000 Fewer Americans Had Jobs in July; 150,000 Dropped Out of Labor Force: http://www.prisonplanet.com/195000-fewer-americans-had-jobs-in-july-150000-dropped-out-of-labor-force.html

[7] 7 Months After Stimulus 49 of 50 States Have Lost Jobs: http://www.prisonplanet.com/7-months-after-stimulus-49-of-50-states-have-lost-jobs.html

[8] Obama Administration Gave General Electric—Parent Company of NBC–$24.9 Million in ‘Stimulus’ Grants: http://www.prisonplanet.com/obama-administration-gave-general-electric%e2%80%94parent-company-of-nbc-24-9-million-in-%e2%80%98stimulus%e2%80%99-grants.html

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