"Here is an embiggened version of the infamous jobs chart prepared by Obama administration economists Jared Bernstein and Christina Romer back in January 2009 (and now updated again by me with data from the August jobs report)."
Impact of the Stimulus: Job Loss Dominates Job Creation
"The chart [above] illustrates how well, or not, that job creation program has worked so far. Using the most recent data from the Bureau of Labor Statistics and data from the Administration’s website Recovery.gov, it shows the number of jobs lost and the number of jobs 'created or saved' between February and October 2009 by state. This chart also assumes, for the sake of argument, that the concept of a 'created or saved' job is not a completely fictitious and unverifiable metric of the effectiveness of the stimulus.
As we can see here, with only the exceptions of Minnesota and Vermont, the number of jobs lost outpaces the number of jobs 'created or saved.' Since February, the economy has shed 3,179,328 jobs while the Administration claims to have 'created or saved' 638,825 jobs. This means that, on average, for each job created or saved, over 6 jobs were lost."
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