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    Back to To the Point

    To the Point

    With 7 Million Unemployed, Is the Stimulus Working?

    By orders of magnitude, unemployment is rising faster than the new jobs promised from the $800 billion stimulus package . National unemployment has risen to 9.5 percent, higher than the 8 percent peak predicted by the administration when it was selling the package to Congress. Some economists and some Democrats want another package.

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    By Warren Olney • May 12, 2014 • 1 min read

    By orders of magnitude, unemployment is rising faster than the new jobs promised from the $800 billion stimulus package. National unemployment has risen to 9.5 percent, higher than the 8 percent peak predicted by the administration when it was selling the package to Congress. Some economists and some Democrats want another package. The President says, "Give this one more time." Republicans already are saying, "I told you so." Meantime, just one job is available for every six unemployed workers. Are schools and workplace developers training people for jobs that don't exist? Who finds work and who doesn't? Will the so-called "green economy" pick up the slack?

    The full episode

    2 of 3
    With Unemployment at 9.5 Percent, Is the Stimulus Working?
    1. 0:00Another Protest Crushed in Tehran
    2. 7:34With 7 Million Unemployed, Is the Stimulus Working? You’re reading this
    3. 43:03Ethnic Tensions in China
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • Sonya Geis with wavy brown hair wearing a black dress with red accents and decorative earrings against a white background.

      Sonya Geis

      Senior Managing Editor

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      Christian Bordal

      Managing Producer, Greater LA

    • KCRW placeholder

      Karen Radziner

      Managing Producer, To the Point & Which Way LA?

    • KCRW placeholder

      Lori Montgomery

      Washington Post

    • KCRW placeholder

      Linda Hahn

      Executive Director, Metropolitan Career Center

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      Heidi Shierholz

      Economist, Economic Policy Institute

      NewsNationalPolitics

    The full episode

    2 of 3
    With Unemployment at 9.5 Percent, Is the Stimulus Working?
    1. 0:00Another Protest Crushed in Tehran
    2. 7:34With 7 Million Unemployed, Is the Stimulus Working? You’re reading this
    3. 43:03Ethnic Tensions in China
    Back to To the Point