Stimulus Package | Job Loss Totals | Job Loss Totals By Month

American Jobs – Disappearing At An Alarming Rate

The $787 billion economic stimulus package signed by Barack Obama on February 17, 2009, is intended to create or save an estimated 3.5 million to 4 million jobs over the next few years.

We’ll need the employment boost from the stimulus plan…and more.

Following are job loss totals, by month, for 2008:
January 2008           76,000
February 2008          76,000
March 2008              80,000
April 2008                20,000
May 2008                62,000
June 2008               62,000
July 2008                 51,000
August 2008            84,000
September 2008     284,000
October 2008         240,000
November 2008      533,000
December 2008      524,000

Following are job loss totals, by month, for 2009:
January 2009         650,000
February 2009       651,000
March 2009           663,000
April 2009             539,000
May 2009             345,000
June 2009            467,000
July 2009             247,000
August 2009         216,000
September 2009   263,000
October 2009       190,000
November 2009      11,000

Bloody Monday Job Losses
Monday, January 26, 2009 will forever be known as “Bloody Monday,” the day when seven American companies announced significant job cuts. Those companies (Caterpillar, Pfizer, Sprint Nextel, Home Depot, Texas Instruments, ING, and Deere & Co.) collectively cut 64,500 jobs.

Total Number Of Jobs Losses During The Recession
By March 1, 2009, American companies had cut a total of 4.4 million jobs since the “official start” of the recession in December 2007.

By April 1, 2009, an estimated 5.1 million jobs had been lost,and economists were predicting that another 2.1 million would be shed in the upcoming year.

Total Number Of Unemployed American Workers
As of March 2009, 12.5 million American workers were unemployed.

As of April 2009, more than 13 million workers were jobless, the unemployment rate in the U.S. had reached 8.5%, and that rate would have been 15.6%, if the workers who gave up looking for jobs or took part-time positions were included in the statistics.
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