STIMULUS PACKAGE DETAILS

Simple details about the most complicated economic times

in American history

 

 

Job Loss Totals In 2008 and 2009

The American economy has been shedding jobs at an alarming rate, starting in 2008 and continuing into 2009.

 

Following are job loss totals, by month, for 2009 and 2008, in reverse chronological order:

 

 

Monthly Job Loss Totals 2009
April 2009 539,000
March 2009 663,000
February 2009 651,000
January 2009 650,000

 

 

Monthly Job Loss Totals 2008
December 2008 524,000
November 2008 533,000
October 2008 240,000
September 2008 284,000
August 2008 84,000
July 2008 51,000
June 2008 62,000
May 2008 62,000
April 2008 20,000
March 2008 80,000
February 2008 76,000
January 2008 76,000

 

 Since the official start of the recession in December 2007, almost 4 million American jobs have been lost.

 

President Obama’s economic stimulus package, the $787 billion American Recovery and Reinvestment Act of 2009, is designed to create or save 3.5 million to 4 million jobs.

 

Click here for details about unemployment benefits and COBRA benefits and unemployment tax credits that were part of the economic stimulus package.