Thursday, February 19, 2009

White House Releases State by State Numbers; American Recovery and Reinvestment Act to Save or Create 106,000 Georgia Jobs

According to the White House, the American Recovery and Reinvestment Act will only create or save an estimated 106,000 jobs in Georgia over the next two years.

The White House recently released state-specific details on the local impact of the American Recovery and Reinvestment Act. The American Recovery and Reinvestment Act is a nationwide effort to create jobs, jumpstart growth and transform our economy to compete in the 21st century. The compromise package of $789 billion will create or save 3.5 million jobs over the next two years. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.

The estimates are derived from an analysis of the overall employment impact of the American Recovery and Reinvestment Act conducted by Christina Romer, Chair of the Council of Economic Advisers, and Jared Bernstein, Chief Economist for the Vice President, and detailed estimates of the working age population, employment, and industrial composition of each state.

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