New Recipient Reports Confirm Recovery Act Has Created Saved Over One Million Jobs Nationwide [October 30, 2009] [open pdf - 39KB]
From the Document: "The Obama Administration today [October 30, 2009] reported that recipients of Recovery Act funds have informed the Recovery Accountability and Transparency Board that they have created or saved 640,329 direct jobs in reports covering approximately $160 billion, which represents a little less than half of the funds put to work through September 30, 2009. These reports, covering only directly created jobs and less than half the funds spent thus far, support government and private forecaster's estimates that overall the Recovery Act has created or saved over one million jobs to-date. The majority of the jobs reported were in the construction and education sectors, indicating the Recovery Act is not only bolstering private sector companies during the economic downturn, but also making critical investments in keeping America competitive in the 21st century. Of the 640,329 jobs, about 325,000 are in education, and over 80,000 are in construction." This press release includes additional details of these reports.
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