Job Growth Numbers for October 2009
The 190,000 jobs lost in October exceeded economists' predictions and brought the unemployment rate to 10.2%, a level unseen since 1983. Nearly three and a half million jobs have been lost since the Obama stimulus was passed, putting the President almost 5 million jobs behind the goals he laid out in January. Even if one takes President Obama's recent claim that the stimulus has "created or saved" one million jobs at face value, he is still behind the pace needed to create 3.675 million jobs by the end of 2010. In order to meet that goal, he would have needed to save 1.438 million jobs by the end of October instead of coming up almost half a million jobs short.