There were approximately 2.4 million fewer Americans working in June 2011 than there were when President Barack Obama signed the economic stimulus bill on Feb. 17, 2009, according to data from the Bureau of Labor Statistics (BLS).
According to the BLS, there were approximately 141.68 million people counted as “employed” in America back in February 2009. By June of 2011, that number had fallen to approximately 139.33 million, yielding a net reduction in jobs of approximately 2.4 million.
When the economic stimulus – the American Recovery and Reinvestment Act -- was created, Obama promised that the then-$787-billion spending package would create or save 3.5 million jobs, saying it would preserve the “American dream” for millions of people.
“We have begun the essential work of keeping the American dream alive in our time,” Obama said on Feb. 17, 2009 in a speech marking the signing of the stimulus bill.
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