7 Months After Stimulus 49 of 50 States Have Lost Jobs
America Now Over 6 Million Jobs Shy of Administration's Projections
Wednesday, October 21, 2009 LINK TO ORIGINAL: House Ways and Means Minority Website
The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available).
Hawaii was projected to gain 15,000 jobs. Instead the state lost 17,000.
According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs.
To see how stimulus has failed your state, see the table below. In many cases the job loss number is almost identical to the projected job gains. Obama's stimulus plan has produced almost the exact opposite of its proclaimed goal.