1.9 Million Fewer Americans Working Now Than When Obama Signed Stimulus Bill

Matt Cover, CNSNews.com

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.

In a Washington Post op-ed, former White House chief economist Larry Summers noted that the percentage of the population that has a job has not improved, even though the economy is technically in recovery.

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Comments

  1. What about the 44 million on food stamps and the people that have given up. There should be a report for that also and this would give more of a true picture, I think.

    • Betsy K. Larsen says:

      I am one of those people on food stamps. And I can’t say that I really like the feeling I get from actually needing this kind of help. It helps because I am the only one working, as my husband is sick, and can’t work. I clean houses for a living. And my salary is way, way, WAY below the poverty level. I can only imagine those who are in worse shape than I am, and wonder how this country is going to survive this freak in office. Mitch asks if anyone wants another 4 years of this wanna be in office……….it is a sorry thing, but there are still too many idiots out there who would vote for him again, simply because he is “black”, forgetting that he is also HALF WHITE! Color aside, he does not care about any of us, only that he can CON the American public into giving his “royal highness” another 4 years to do what he set out to do in the first place, totally ruin and destroy this country and it’s citizens. And knowing full well that he has done exactly NOTHING for us, nothing for even the BLACK people who especially trusted him! He does not care about them either, and one would wish that they would see this and be wiser about their next choice of who to put in that office. I do not beleive this will happen, I have lost faith in the American intelligence, and in the entire lot of the “leaders” in that septic tank called the “capitol”! Chances are really good that we will again have another 4 hellish years, even more HELLISH than the first 4!!!!!

  2. What can one expect from a person in the oval office who could not run a lemonade stand. Plus a person who is a con artist and has protrayed a hoax against the constiution not ever seen in over 236 years.

    Anyone want this wanabe for another 4 years???????????????????????????

  3. What most people do not understand is Obama is allowed to lie, as long as it advances Islam. Even if he held his hand on the Bible and swore to uphold and defend the Constitution, accord to Islam it is ok. Ther are a couple of more things I believe he is striving for.
    #1 To be elected as President of the UN.
    # 2 To aid in the institution of a one world religious system.. Google United Nation Religion

  4. 4th cav says:

    Blow up all of those damn ATMs, that will open up the job market. It takes the smartest president since Alfred E. Neuman to figure that one out.

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