Skip to content

It’s Official: Administration Admits Jobs Will Fall 6 Million Short of Their Stimulus Promises

June 03, 2010

Vice President Biden on June 2, 2010 predicted that jobs would grow by a total of 700,000 to 1.4 million during the remainder of 2010: “I think we’ll create between 100,000 and 200,000 jobs on average all the way through this year.”  As the chart below shows, even his best case scenario would leave us 6 million jobs short of the Administration’s original predictions for stimulus job creation made in their January 2009 Romer-Bernstein report (officially titled “The Job Impact of the American Recovery and Reinvestment Plan”).   

  Sources: Department of Labor data, Ways and Means staff calculations, and Romer/Bernstein report.