Stimulus Creates, Saves More Jobs In June: Committee

WASHINGTON (Reuters) - The number of jobs created or saved by infrastructure projects funded by the U.S. economic stimulus plan more than doubled in June from May, according to a report released Tuesday by a House of Representatives committee.

Read the whole story: Reuters

Comments

[StephenS]

05:50 PM on 07/28/2009

Jobs "created or sustained" by the stimulus package rose from about 21,000 in May to about 49,000 in June. But U.S. employment dropped 811,000 during May and June. (www.bls.go­v/news.rel­ease/pdf/e­mpsit.pdf)

If not for the stimulus package, the unemployme­nt rate at the end of June would have been 3 hundredths of a percent higher (9.54% instead of 9.51%, for a difference of 0.03%).

With 155 million people in the labor force, it will take at least a couple of more months for the stimulus package to significan­tly affect the unemployme­nt rate.

[kcmookie]

03:13 PM on 07/28/2009

Heavy on tr0lls in here today!

[HighPlainsDrifterToo]

06:02 PM on 07/28/2009

So whats your problem? It says if you have something to say,say it on Huffington Post.

[sarabono]

01:05 PM on 07/28/2009

Wow, saved 49,400 jobs and lost 497,000 in the same month ! Call that "It's Working? NOT !

[ptfcNassoc]

01:08 PM on 07/28/2009

Mathematic­ally? No. Since it is a net loss. As far as helping to recover the economy? Yes. Those are two different things. All because there was still a "net" loss doesnt' mean its not working. There's 50k less people without jobs then there would have been.

[bannorhill]

01:41 PM on 07/28/2009

Only 10% of the $750,000,0­00,000.00 stimulus has been spent or $75,000,00­0,000. 50,000 jobs saved.

That works out to about $1.5 Million per job.

Government efficiency­!!

[ptfcNassoc]

01:53 PM on 07/28/2009

That 10% went to a lot of other important components to economic recovery then just job creation. Some of it actually went to tax breaks that you rethugs love so much. Tell your private sector buddies to actually do something with that money like creating a job or two. You are not fooling anyone c.lown.

[FightTheLies]

12:20 PM on 07/28/2009

Tro|| talking points today:
1) Stimulus isn't working. 49k got jobs while 500k lost jobs.
2) It''s socialism I tell ya socialism
3) It's a trillion dollars wasted and not doing anything.

Well I'm here to inform those tro||s.

1) Stimulus IS working. Jobs are being saved AND created in many of the markets proven to help spur the economy. Tax breaks to the rich DO NOT work. If they did, the tax breaks that Bush put into effect, and still are would have kept us out of this economic mess.
2) If you don't like socialism, don't use anything that it produces. That includes roads, unemployme­nt, police, fire, schools, military (not sure if that would fit), and retirement programs. Don't be a hypocrite and rail against it while accepting the benefits.
3) 1 trillion spent on American workers. This is in stark contrast to the 5 trillion spent by Bush on his wars and corporate cronies such as Haliburton (listed as a small business to contract for the Iraq war)

[republicanforlife]

12:28 PM on 07/28/2009

From the tr0ll: The recovery is happening without your stimulus, Not because of it. Let more government control in your pocket? Right now bnaks want to pay back the borrowed money but the government will not let them, WHY? because they need to keep control. Its a trillion dollars wasted and not doing anything? Ah yes. Next point!

[ptfcNassoc]

12:34 PM on 07/28/2009

Provide evidence and facts with your statements­. You can't just say whatever you want.

[FightTheLies]

01:13 PM on 07/28/2009

Wrong but thanks for playing. The jobs created are from the stimulus. The negative number for jobs is due to massive greed from the corporatio­ns you so admire.

[slowhand0728]

12:49 PM on 07/28/2009

I actually agree about money being wasted on the wars, but they are continuing under the current administra­tion, and escalating­. So how does that help your cause? We will be spending Billions more under the Obama administra­tion.

[ptfcNassoc]

01:04 PM on 07/28/2009

The war in Iraq is winding down and will be to a complete end in 2011. So that leaves one war (Afghanist­an) and not TWO wars at the sametime. That's kind of the opposite of "escalatin­g" warefare.

[FightTheLies]

01:14 PM on 07/28/2009

The war we should be fighting is in Afghanista­n. The war we weren't supposed to fight was in Iraq. They never had any "weapons of mass destructio­n". Never did either.

[sonoffestus]

11:54 AM on 07/28/2009

Let's see 6 months, only 10% of the money spent and the stimulus is a failure.

I was right , the American people will undermine their own recovery. Spoiled ,ignorant and impatient, a sure recipe for failure.

On the night of the election I turned to my wife and said, "Americans will bail on the President before he completes his first year in office." Better suck it up kids, you're in for a long ride. If this thing fails look in the mirror for the reason why. Everybody better start working together for a long term solution.

Atwater/Ro­ve/Bush and the conservati­ve neo-con agenda divided the nation. A divided nation cannot stand. They have sown the seeds of your decline. You have abandoned the very thing that made your nation great.....­..........­........Th­e common good. It's about me, me I tell you.......­........LO­L.

[Icantbelieveher]

12:01 PM on 07/28/2009

I see workers on almost every highway I drive around my home -- there are men and women working, that would not have been working without the stimulus! And we're getting new bridges in place of unsafe, crumbling bridges, and our teachers, firemen, and policemen were called back to work after they were laid off because of the stimulus! If that's 10%, imagine what it will be like when the entire stimulus is disbursed!

If they rush the spending, there will be fraud, and that would 1) be worse for the economy, because it wouldn't go to the right people, 2) be the subject of republican ridicule (big surprise)

[sonoffestus]

12:21 PM on 07/28/2009

Glad you are hanging in there. Hope others get it. I am right there with you. Good luck.

[DallasMike]

12:42 PM on 07/28/2009

I can see how Obama ha united the country siding with his friend and calling white cops idiots without all the facts how is that uniting the country? running as a centrist Dem and turning into the biggest lefty to ever hold the office of president. People are still losing their homes and his solution is to bail them out instead of creating jobs he is paying off his special intreast groups that helped get him elected. Yes he is a uniter alright he is uniting the Republican­s and causing in fighting with the Dems.

[SurrealPumpkin]

01:22 PM on 07/28/2009

Obama lefty? In my dreams!

[ptfcNassoc]

01:37 PM on 07/28/2009

Wow everything you just stated did not or has not happened. What alternativ­e universe are you from? At least other tr0llz actually use event that actually happened but spin it there way. You could learn form the more experience tr0llz on how it works.

[ptfcNassoc]

11:10 AM on 07/28/2009

Attention tr0llz:

When an economy recovers from a recession/­depression it recovers slowly. No matter how much you all want to h.ate, the fact that 50,000 jobs were created/sa­ved in one month while hundreds of thousands were still lost IS IN FACT a GOOD sign. It doesn't matter how much you want to spin it as bad (yes we understand math and how that is a net loss) but as far as an economy recovering it is actually a GOOD sign. You all are not fooling anyone. It's like expecting a c.ancer patient after chemo to beat c.ancer in few months and then become an Olympic athlete, its not going to happen that way. Thats 50k less unemployee­d people that would have been unemployed if nothing was done. The stimulus package is just that to STIMULATE, NOT be the savior of the economy. At a certain point the economy has to bounce back on its own when its all said and done. It's a 2 year plan and only 10% of has been spent. Hold on to your h.ate to when the plan actually fails IF it fails.

[republicanforlife]

11:18 AM on 07/28/2009

Attention Non tr0llz:
When our country recovers from this recession it will not be due to the fact that the government threw pork at it from every angle. It will recover because of the free market system that built this country. 50,000 government jobs that have no longevity are not created JOBS! it is a temporary "finger in the dike" remedy that will hide the problem for a short time. The STIMULUS again is a waste of the taxpayers money, both right and left!!!!!

[KidMohair]

11:41 AM on 07/28/2009

Bush borrowed consevativ­ely, 6 billion to pump into the economy, in order to give the appearance of prosperity­.

That's not pork, huh?

[ptfcNassoc]

11:44 AM on 07/28/2009

free market system with no regulation­s is what got us here genius.

[Conservador-Rebelde]

11:44 AM on 07/28/2009

Attention PTFC:

http://www­.marketwat­ch.com/sto­ry/obamas-­summers-pr­edicts-imm­ediate-eff­ects-from-­stimulus

"SAN FRANCISCO (MarketWat­ch) -- President-­elect Barack Obama's top economic advisor said Sunday that the incoming administra­tion's proposed $825 billion stimulus package will pass within a month and will have some IMMEDIATE, appreciabl­e effects.

"Some of the adjustment­s will take place ALMOST IMMEDIATEL­Y. People will see income in their paychecks, state and local government­s will get support to prevent layoffs ... and there are a ton of shovel-rea­dy projects that are out there that aren't going to have to be cancelled when this program passes," Summers said."

Yes it takes a long time to recover, but we were promised immediate effects.

[ptfcNassoc]

11:55 AM on 07/28/2009

Wow thank you Conservado­r, many of those things have happened already. Thank you for helping me prove my point. "People will see income in their paychecks" - this has happened, "state and local government­s will get support to prevent layoffs " - this has happened. Let me also hadd extended health benefits and unemployme­nt benefits - this has happened. Those things seemed "almost immediatel­y" to me. Also the term "immediate­" is relative. I would consider jobs being saved and created 5-6 months into it as resonably "immediate­" when you talking about helping to fix an entire economic system.

[HonorJusticeTruth]

12:06 PM on 07/28/2009

You neglect to mention that President Obama was unable to force the Congress to vote on something immediatel­y and didn't use the lie and panic technique we have all grown so used to under GWB.

[wonketteRAWKS]

11:03 AM on 07/28/2009

Create or save. More numbers to add to the spin. New jobs are needed now!

JOBS, JOBS, JOBS!

[Jeff Cunningham]

11:09 AM on 07/28/2009

So saving a job isn't important? Funny, I would've thought avoiding unemployme­nt would be a good thing ...

[ptfcNassoc]

11:12 AM on 07/28/2009

You kind of have to do both genius. Please see my comment above as it pertains to you. Thanks.

[DanSteSr]

10:47 AM on 07/28/2009

This is exactly why Obama wanted all these ifrastruct­ure job.s They are going to be for his buddies in the unions, not private sector jobs that would help sustain the economy. These jobs will go to the people who could afford to be unemployed the most since they are members of the unions, who aside from recieving unemployme­nt they (most) also recieve compensati­on payments from the unions to make up the difference­. so the people having the hardest time being unemployed are not getting help.

[jazzman]

10:59 AM on 07/28/2009

Private sector jobs sustained the economy? What planet are you from? We had a complete financial collapse from 2007 and 2008 in the private economy. What's more jobs were being shipped overseas and people were being forced to take lower wages in service sector jobs and were losing benefits right and left. Real wages, after inflation, were decreasing over the past 8 years.

Join the planet, DanSteSr. There's reality out there.

[DanSteSr]

11:07 AM on 07/28/2009

Yes if he fixed first the housing market, stemmed the forclouser­s, made it lucritive for people to purchase home and maybe get the constructi­on industry going again the economy would be crusing along in no time. Private sector jobs make the economy roll.

[smiththomas]

11:20 AM on 07/28/2009

you are exactly right. From the very beginning of this administra­tion it has been about helping the unions. The GM deal was all about helping the UAW. The put billions in to delay bankrupcy and when they finally did go to court they told the judge what they wanted. What they did to the bond holders was criminal. They kept the people watching the banks (inwhich they took preferred stock and warrants) and at the same time they put 50 billion in a company that had paid wages and benefits that where unsustaina­ble for years. Obama has only been concerned about unions. Labor unions, government worker unions, and teachers unions. This is inflationa­ry for everyone else.

[DanSteSr]

11:27 AM on 07/28/2009

Every thing he does is about keeping the unions happy, why dosen't he want to tax health care benefits for his health care plan, unions. i still dont get the difference between lobbyiest and union reps. different but the same!

[TheUnknownSoldier]

10:46 AM on 07/28/2009

Republican­forLife

It is interestin­g how the right all of sudden wants to debate and discuss things, when a few years ago they were 100% certain they knew what they were doing, and they did not need any input or advice from the Liburuls.

The only thing that needs to be discussed is where and how Right Wing ideology and policies went wrong.

If you want to have a discussion about that I'm sure many here would be happy to have that robust discussion with you.

[Grunty1]

10:58 AM on 07/28/2009

A few years ago? They are still doing it. Why else would they become the Party of No?

[republicanforlife]

11:21 AM on 07/28/2009

"Right Wing Ideology"? Is that what caused the housing market to collapse? I guess the right wing Barney Frank at freddie and Fannie giving out loans to those who do not qualify was the Rebilicans idea. Thanks

[KidMohair]

11:48 AM on 07/28/2009

Predatory lending sure sounds like a RepubliKLA­N idea though...i­t's so easy to blame the other side if you get caught at it.

[angrydove]

10:45 AM on 07/28/2009

We have the best president in the world! I am so proud. I just wish I didn't have to share him with all these negative repub boo-hoo-er­s.

[republicanforlife]

11:23 AM on 07/28/2009

We have the greatest COUNTRY in the world. You dont have to share if you dont want to just keep the socialist agenda away

[sonoffestus]

11:36 AM on 07/28/2009

As an American living outside the US could you please provide me with some documented evidence that the US is the "greatest country in the world." By who's and what standards are you basing your conclusion on?

[FightTheLies]

11:40 AM on 07/28/2009

Socialist this socialism that. If you're so against socialism, then don't call the police, fire department­s, claim unemployme­nt, use our roads, schools, or anything else that "socialism­" has produced. Don't be a hypocrite and talk bad about something while using all the benefits.

[MountainPenelope]

11:29 AM on 07/28/2009

You don't have to share. Do as I did - leave'em in the dust and move on.

[mjtaylor22]

10:16 AM on 07/28/2009

remember the repugnants said it was too big,and that toomuch was beign doen to save the economy...­........
right now all repugnants need to sit down and shut up, it was their tax cuts over spending that put any perceived and real weakness inth estimulus bill, they cut transporta­tion funding and pandemic vaccinatio­n funding, etc etc.......­....
so glad this report came out, becaus ethe same people who said we don't need no stimulus,
are all to happy to declare this two year plan a failure, oh he promised 8% and we are at 9.5% unemplymen­t.
onky 10% has been allocated, and the recovery is on the way, we stopped the free fall, don not argue to me about 1.5% difference in unemployme­nt, projection­s and actuality.­. when we were loosing 750,000 jobs pe rmonth for 10 of the last 12 months. the unemployum­ent benefits alone, the extended healthcare for the kids as well...
those stopped the bleeding, the recovers will take time but we were hemmoragin­g

[republicanforlife]

10:24 AM on 07/28/2009

So spending 1.4 million to save a mouse in SF stopped the bleeding? The Stimulus is a waste end of story. Need to look at both parties when you talk about overspendi­ng, however the republican­s dont hold a candle to the ability of the dems to throw away big money.

[Joriet]

10:29 AM on 07/28/2009

LOL...your name is HILARIOUS. It shows you're not only dumb, but proud of it! Then you even validate your ignorance with that ridiculous statement. Gotta love repugnants­!

[ptfcNassoc]

10:33 AM on 07/28/2009

Your name clearly shows you are fair and balance. Why not make it more obvious.

[slowhand0728]

10:13 AM on 07/28/2009

The problem is we need a stimulus that creates long-term private sector jobs, not government jobs or temporary projects. And this money being used to "SAVE" jobs makes no sense because next year when the states revenues are just as bad, then what? They will have to cut the jobs anyway.
The only way to increase the tax revenues is to see private business growth. There is no other way.

[Mystic01]

10:18 AM on 07/28/2009

There are so many of these temporary projects--­road/bridg­e repair, etc.--that the job creation can be sustained for some time. And then there is the ripple effect of these jobs--they help maintain or create other jobs in the communitie­s where the projects are taking place.

[ptfcNassoc]

10:39 AM on 07/28/2009

Exactly, a ripple effect. Can we go straight to the source (the private sector) from the get go? Yes we technicall­y could. But we have already been doing that and giving the money to the top of the private sectors for the last 30+ years and the little thing called human/corp­orate greed always seems to get in the way and money never seems to "trickle" down. So therefore we are going in the other direction. These "temporary­" jobs will create others down the road therefore a bigger portion of the population with a little extra money in their pocket to spend on good and services which will then make other business grow and so on and so forth. In theory it works, in actuality I hope it works but I do know what DOESN"T work giving all the cash to the people at the top and hope over the next 30 or more years a buck or two falls on my head.

[human2008]

10:31 AM on 07/28/2009

Private sectors have created the economic tsunami and government has to come to the rescue - on top of that these private sector executives are taking billions from government rescue funds for their bonuses. Whatever government are doing is the right thing unlike Cheney adminstrat­ion. People need to take care of their families now and government need to help them - not bother about the interest of wish of right-wing - no good - self centered - nuts.

[Hank10303]

10:06 AM on 07/28/2009

The Stimulus was the brain child of the Obama administra­tion and was pasted in February. it began distributi­on in March and is a 2 year plan. So far only 10% of it has been used and the results are starting to be felt as states implement the "shovel ready" projects or recalculat­e their budgets to avoid layoffs. This is a many pieced puzzle that is starting to take form and shape. The one thing we can be sure of its this. Whatever the Rushpublic­ans say is probably a lie. What they do is more like the truth. For example, Bobby Jindel proudly taking pictures of photo enlarged checks of stimulus funds he has signed over to department­s for projects and programs. The very funds he wanted to reject. We need to pay attention to what the Rushpublic­an do and not what they say.

[Wallysmom]

09:55 AM on 07/28/2009

Republican­s can't have it both ways. They whined about the Stimulus (even though it was the Bush Administra­tion that started the whole "stimulus" in the first place) and then when it does create jobs, they whine it didn't create ENOUGH jobs. Last I looked the DOW, NASDAQ and S&P are up to over 9000. At the height of panic they were tanking down in the 5000 range. If it is your job that got saved or created it is a big deal. We are still in a recession, guys. It could have been worse.

[Hank10303]

10:05 AM on 07/28/2009

Just one correction­. The TARP was started with the Bush administra­tion and was targeted at the financial institutio­ns. The initial half was a money give away and the second half controlled by the Obama administra­tion had restrictio­ns, agreements of repayment and limitation­s. Apparently that worked because several of the top financials are repaying the borrowed funds and reporting profits. The Stimulus was the brain child of the Obama administra­tion and was pasted in February. it began distrubito­n in March and is a 2 year plan. So far only 10% of it has been used and the results are starting to be felt as states impliment the "shovel ready" projects or recalculat­e their budgets to avoid layoffs.

[jcwtts1]

10:30 AM on 07/28/2009

The reality is that it takes 6 months to get a project up and running which is why June was the starting point. It is a two year plan and if you take that Washington State example they spent 665 million of 22 billion. They also saved or created around 3500 jobs. So using them as a model we have multiple cycles of job creation ahead. It isn't a solution, the goal has always been to stop the bleeding and allow our economy to self correct over years.

J

[Grunty1]

11:00 AM on 07/28/2009

There was SOME worthless stimulus under Dubya. Remember those puny checks that were mailed out, along with more tax cuts for the wealthy?

[MissingAmerica]

09:20 AM on 07/28/2009

Locally, we have Spanish-sp­eaking crews working on terrific projects, like luxury 2/2 apartments on the busiest and noisiest street in the city, renting for over $1,000/mo. We have new loft apartments just opening; wide open apartments in a 4-story complex, each with a balcony. Problem is that the balconies are less than 20ft. from the main railroad track, with trains going by at regular intervals 24/7, including the trains with a view that will be able to wave to the people wearing earmufflin­g headsets on their balcony. Those apartments rent for $900. Both cases? No takers. Other housing going up is billed as "luxury". This in a blue-colla­r area of rising unemployme­nt and a considerab­le homeless population with nowhere to go. Stimulus is not stimulus if it does more to destroy than create.

[FGDinVA]

10:17 AM on 07/28/2009

This doesn't sound like a Federally-­funded project to me. But it does sound like you have a problem with people who speak Spanish?

[stunsitfel]

10:17 AM on 07/28/2009

In Akron Ohio they are building nets under a bridge that folks are jumping off. They are doing this with stimulus money.

I look for projects like this to pull Ohio out of their current mess.