Saturday, December 3, 2011

New CBO Report: Up to 2.4 Million People Owe Their Jobs to the Recovery Act

From the Center on Budget and Policy Priorities:|+Center+on+Budget+and+Policy+Priorities%29

A new Congressional Budget Office analysis finds that the 2009 Recovery Act (ARRA) is continuing to save jobs and protect the economy from what would have been a much deeper recession. As we describe in an updated analysis, in the third quarter of 2011 the Recovery Act:

--increased the number of people employed by between 0.4 million and 2.4 million,
--increased real GDP by between 0.3 percent and 1.9 percent (see chart below),

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