New CBO Report Finds Up to 2.9 Million People Owe Their Jobs to the Recovery Act
A new Congressional Budget Office (CBO) report estimates that the American Recovery and Reinvestment Act (ARRA) increased the number of people employed by between 1.0 million and 2.9 million jobs as of June.
In other words, between 1.0 million and 2.9 million people employed in June owed their jobs to the Recovery Act. This estimate, by Congress' non-partisan economic and budget analysts, is more comprehensive than the 550,000 jobs that ARRA recipients reported in July, CBO explains. Read CBO's summary and access the full report, Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from April 2011 through June 2011 here.