viernes, 30 de octubre de 2009

Government estimates that Obama's economic stimulus created 600,000 job posts

The government of President Barack Obama estimates that his economic stimulus program has created about 650,000 jobs between March and September, said today the newspaper The Wall Street Journal.

Congress passed and enacted in February Obama a program of 787,000 million, which is largely not yet been disbursed, to counteract the economic downturn began in December 2007.

The jobs data will be included in the information that thousands of state and local governments, private companies, universities and community groups presented in early October showing how to use the funds received.

The paper said that these reports will be available to the public this afternoon on a website (recovery.gov).

In accordance with the requirements imposed by Congress when it passed the law, the reports cover only 150,000 million USD 339,000 million distributed to 30 September.

"As the documents are less than half of the incentive funds spent through the end of September, the White House considers the data as evidence that the Stimulus Act of 2009 will meet their goals to create or preserve at least a million jobs ", the newspaper said.

Yesterday the Commerce Department reported that in the third quarter of this year the U.S. economy grew at an annualized rate of 3.5 percent. This was the first increase in gross domestic product (GDP) in a year, but there's more than 15 million workers without jobs.

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