According to The Washington Post over two million jobs have been created due to the Stimulus Bill. The White House says over the course of this year another 1.5 million jobs will be added. The increase in jobs will be due to the economy getting back on its feet by slowly recovering. The Congressional Budget Office, CBO, reported that from the $862 billion Stimulus Bill there was an increase in the economy of 1.5 to 3.5 percent.
Since December 2007, when the recession first began, 8.4 million jobs were lost. In 2009 the state to get hit the hardest with job loss was Michigan. Classesandcareers.com reported Michigan lost 175, 368 jobs. The auto industry in Michigan was very affected. Three big car dealers: General Motors, Chrysler, and Ford had to “beg” Congress for financial help. According to The Michigan Review, these companies “needed” $25 billion right away or they would face losing $156 billion down the road.
The second state in the country to get hit with job loss was Connecticut. Classesandcareers.com reported Connecticut lost 56,882 jobs in 2009. NBC Connecticut reported that the biggest job loss was at United Technologies Corporation in Hartford. The company dropped 18,000 employees in March 2009.
Here’s a state that’s not talked about often–Hawaii. Hawaii ranks third in the top ten list of states that have been negatively effected by the economy. Hawaii is a state that relies heavily on receiving money through tourists. However, due to the economy, many people have been holding back from traveling which has put this state in some hot lava. Classesandcareers.com reported 21, 228 jobs were lost in the state of Hawaii in 2009.
With the economy starting to progress, these numbers should be being to drop in job loss.
Video is from CNN.
more about “job loss decline“, posted with vodpod
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