Today the Labor Department’s Bureau of Labor and Statistics released its monthly jobs report showing that the nation’s unemployment rose to 9.9% in April despite the addition of 290,000 jobs, 66,000 of which were temporary Census 2010 jobs. The rise in unemployment was driven by the entrance of 195,000 previously discouraged Americans reentering the workforce. In total, the U.S. economy has now lost a net of 2.6 million jobs since President Barack Obama signed his $862 billion stimulus plan. We are 7.6 million jobs short of the 137.8 million he …
On the stimulus’s first anniversary, keep in mind one number: 9 million. That is the Obama jobs gap — the difference between the 3+ million net jobs President Obama said would be created (not just saved) and the nearly 6 million additional net jobs that have since been lost. By the president’s own logic, the stimulus failed. So Obama has shifted his argument. Sure, the economy lost jobs, he now says, but without the stimulus it would have lost nearly 2 million more jobs. This “it would have been worse” …
This weekend three different White House advisers speaking on three different Sunday shows gave three different answers as to how many jobs President Barack Obama’s $787 billion stimulus had been “created or saved.” This coming just two weeks after the White House issued a memo supposedly ending the administration’s use of the jobs “created or saved” phrase. And that memo was inspired by several dozen reports that many thousands of the jobs the Obama administration had claimed were “saved or created” by their stimulus were entirely fake. So really it …
Today’s Labor Department jobs report is a study in contrasts. For example, on the one hand the labor market is notably less weak than in recent months. December’s 85,000 drop in employment according to the payroll survey is markedly better than the monthly average of over 275,000 jobs lost during the third quarter and followed a 4,000 job gain in November. On the other hand, the Obama jobs deficit – the difference between current employment and the level President Obama promised when he sold his economic plan to the American …
Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies — including the massive $787 billion stimulus enacted last spring — are not working to create jobs, the Department of Labor’s monthly jobs report added the exclamation point. Barack Obama promised that if elected he would create 3.5 million jobs by the end of 2010 through new economic policies, beginning with the enactment of a massive economic stimulus package. …
The Department of Labor announced today the economy shed another 190 thousand jobs in October, pushing the unemployment rate to 10.2 percent and the running Obama jobs deficit to 5.7 million. Earlier in the week the Obama Administration released figures purporting to show the Obama stimulus had saved or created 640,000 thousand jobs. Only in Washington can jobs be saved by the thousands while being lost by the millions. So far in his term in office, employment has dropped by about 3.5 million jobs, yet Obama repeatedly promised he would …
Whenever government throws billions of dollars at the economy, one would certainly expect to find some jobs at the end of those dollars. President Obama has worked hard to convince the nation that the mega fiscal stimulus he signed into law produced some 650,000 jobs. This PR blitz is amazing in the face of an economy that has shed 3.4 million jobs since Obama was sworn in, the unemployment rate is pressing toward 10 percent, and the Obama jobs gap – the gap between where he promised we would be …
The Obama administration released the first hard numbers on how many jobs their $787 billion stimulus package has created or saved on Recovery.gov today. The number: 30,383 jobs from roughly $16 billion worth of stimulus contracts awarded directly by federal agencies. Crunching the numbers, that comes to $533,000 per job “saved or created.” To put those 30,383 jobs in perspecitve, consider that the U.S. economy lost 263,000 net jobs just last month and has lost 3.6 million net jobs since President Barack Obama was sworn into office. But the administration …
Another month, another 263,000 jobs lost under the Obama administration. According to Bureau of Labor and Statistics data released this morning, the United States economy has lost 3.6 million net jobs since President Barack Obama was sworn into office and the unemployment rate has risen from 7.6 % to 9.8%. It was not supposed to be this way. The experts in the Obama administration promised the American people that the President’s $787 billion stimulus package would create 4 million jobs by the end of 2010. According to the Obama administration’s …
Defending President Barack Obama’s $787 billion stimulus package, Vice President Joe Biden said yesterday: “At the end of the day, these investments are about more than creating jobs.” There is a reason the White House is very eager to establish anything other than jobs as the metric for success that Obama’s economic policies should be measured by: they aren’t creating any. When the Obama administration first unveiled the stimulus plan in November they claimed it would create 2.5 million jobs by the end of 2010. At the time BLS reported …
