Stimulus Spending, implemented under the poorly named American Recovery and Reinvestment Act, was supposed to keep job losses low and steadily improve unemployment figures beginning in September 2009.

Under the adopted plan, 2010 was to be the year of recovery.  The Obama Administration argued that the housing market began its rebound during the summer of 2009, and has spent this year lobbying Americans that economic subsidization has achieved its design.

Federal spending better have produced its intended goals by now, because fiscal intervention has largely run its course.  The flow of stimulus has already peaked and will steadily decline going forward.  Census hiring, which temporarily boosted employment figures, has reversed.  State and local governments that maintained bloated payrolls courtesy of stimulus welfare have begun reducing unaffordable headcount.

Economic data clearly demonstrates the failure of Stimulus Spending to achieve its purported benefit, despite an ongoing political narrative to the contrary.

First time unemployment claims have been stagnate the entirety of 2010 and are inconsistent with net job gains. 





The nation's job count improved steadily this year as Stimulus Spending approached its zenith and Census hiring reached an acme.  But the number of Americans employed has fallen consistently during the "Summer of Recovery".  There were 500,000 fewer people with jobs in July relative to April.





The unemployment rate has bizarrely improved during the "Summer of Recovery" as 1.155 million people quit the civilian work force over 3 months.  This mass exodus produced the lowest civilian labor force participation rate since the economic crisis began.  The last time participation was smaller was 1984. 






Obama's "Summer of Recovery" will go down in history as the period during which dismal economic data began to peek through the rosily distorted facade that blurred reality since February 2009.  Instead of employment actually improving, the jobless are becoming discouraged at a pace rarely seen in history.  Sadly, negative employment trends will be reinforced by falling housing prices, looming tax hikes, withering consumer confidence and a likely stock market correction.