Wow: “U.S. companies employed 3.9 million fewer workers in January 2010 than they did one year earlier.”
If you will recall, when touting the stimulus, President Obama and his team declared that ”a package in the range that the President-Elect has discussed is expected to create between three and four million jobs by the end of 2010 . . . More than 90 percent of the jobs created are likely to be in the private sector.”
90 percent of three million jobs would be 2.7 million jobs. Yet we’re 3.9 million lower than when we started.
To meet the goal by the deadline, the country would have to create 6.6 million jobs in the next nine months. or more than 733,000 jobs per month for three quarters of the year.