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2/20/10

US Economy: Claims about stimulus don't always match up with reality - USATODAY.com

The U.S. economy lost 3.3 million jobs since last March, and unemployment hit a high of 10.1% in October before falling back to 9.7% in January, the Bureau of Labor Statistics reports. The administration didn't say the stimulus would prevent all job losses. Still, chief White House economist Christina Romer had predicted when the stimulus passed that unemployment would be slightly higher than 8% during 2009. Romer acknowledged this month that the economy was in worse shape than she and other economists knew at the time.

For more: Claims about stimulus don't always match up with reality - USATODAY.com

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