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How Much Stimulus Is Needed To Create A Job?

$787 Billion = 4 million Jobs (Rhetoric is 3 to 4 million jobs)

CBO Reports Potential Job Creation of 1.2 - 3.5 million jobs.

$196,750 To Create A Single Job (based upon Obama Administration estimates)

Number Of Unemployed Americans As Of 2/15/09:

11.6 Million

Number Of Unemployed Americans As Of 3/01/09:

12.5 Million

Net Number of Jobs Created By President Obama's Economic Stimulus Package:
Undetermined - No Data Available

Thursday, February 26, 2009

Weekly Unemployment / Jobless Claims Report - Week Ending February 21st

According to the Department of Labor:

Weekly Seasonal Adjusted Initial Unemployment Claims were 667,000

Adjustment From Previous Week: +36,000 from revised previous numbers

Adjustment From Same Week in 2008: +306,000
at 8:13 AM