Labor & Economic News Blog
Thursday, December 03, 2009
New CBO Report Finds Recovery Act has Preserved or Created up to 1.6 Million Jobs
New CBO Report Finds Recovery Act has Preserved or Created up to 1.6 Million JobsA new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) had preserved or created between 600,000 and 1.6 million jobs as of September. This estimate by Congress’ non-partisan economic and budget analysts is more comprehensive than the 640,000 jobs that ARRA recipients reported in late October, CBO explains. ARRA Also Prevented Even Deeper Recession, CBO Finds CBO also concluded that ARRA boosted economic activity …
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