by Blog Boss
19. June 2009 14:12
As you know, Washington has put into full force its economic recovery plan, also known as the stimulus plan, into effect since the new administration stepped into office. According to Washington, it has created some 150,000 new jobs since January 21,2009. Sounds good right? Sure it is. Under "normal" circumstances that type of influence in such a short period of time would be hailed as stellar. Unfortunately, these are not "normal" times and while 150,000 new jobs is great, you have to subtract that number from the 6 million job losses since the recession started. Now get this - almost half of those 6 million job losses have occurred this year alone. So to look at the situation from an apples to apples perspective, the math is 3 million job losses - 150,000 jobs created. This of course shows a staggering net job loss for 2009 alone.
So with heaping net job losses and an economy that seems to resist emergency treatment, the White House is feeling a little pressure to step the game up. So what's in store? For starters, priority one is to create a whopping 600,000 jobs over the next two months. That is a great deal of jobs to fill in a rather short period of time. Makes you wonder how that is going to happen and what industries will benefit most. With that in mind, transparency in spending is equally as important as for as creating the 600,000 new jobs goes. So it looks like high tide might be on the way with regards to job growth lead by Washington. The more pressing question is will it, primarily, be construction related jobs or can the rest of economic industries join in on the economic recovery fun. 