- 13 private sector jobs lost for each federal job created
- 17 of 20 largest metros have fewer jobs than pre-stimulus
Texas Insider Report: WASHINTON D.C The twenty largest metropolitan areas in America have a million fewer workers on the job today than when the $814 billion federal stimulus program began according to a new economic analysis by a congressional panel.
Seventeen of the 20 largest regions lost a total of 1037000 non-farm payroll jobs. The only major metro areas to add workers were Washington D.C. Boston and Baltimore.
The study also reveals that while private sector jobs shrunk by nearly 557000 federal government jobs grew by 42700 in the major communities. On average thirteen private sector jobs were lost for each federal job created.
The biggest job losers were:
- Los Angeles
- San Francisco
- Miami-Fort Lauderdale
- Chicago
- Phoenix. They are followed by
- Detroit
- Riverside-San Bernardino
Philadelphia- Houston and
- Atlanta.
With a million fewer workers in our major cities today than when the stimulus began I cant imagine how the White House can proclaim it as anything but a terrible disappointment said U.S.Congressman Kevin Brady of Texas the top
House Republican on the Joint Economic Committee.
Its striking that for every new worker added to the federal payroll thirteen workers along Main Street got laid off added Brady.
President Obama promised that 90 of the stimulus jobs would be created in the private sector. The reality is just the opposite said Brady.
The analysis was compiled from
U.S. Bureau of Labor Statistics data by the minority staff of the Joint Economic Committee covering the months from March 2009 to August 2010.
