So Much for New Job Growth ; White House Recovery Claims Are Unfounded

The Washington Times › October 16, 2009

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Summary

The $787 billion stimulus package isn't working as promised. Despite what some Obama administration officials are daring to claim, job creation continues to decline.

On Sept. 24, Vice President Joseph R. Biden Jr. enthused, "In my wildest dreams, I never thought [the stimulus] would work this well." The pricey stimulus was sold to the public by claiming it would "create or save" millions of jobs. It's not obvious how the vice president squares this irrational exuberance with the new job numbers released on Friday by the Department of Labor. In August, there were 2.4 million new job openings, which is the lowest level since the Labor Department started tracking this measurement in 2000. The number is down 36 percent from August 2008 and down 21 percent since January of this year, and it has been falling fairly continuously all year long.

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So Much for New Job Growth ; White House Recovery Claims Are Unfounded

New job openings for professional services and retail trade are...

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