The Mudcat Café TM
Thread #146334 Message #3387840
Posted By: Sawzaw
08-Aug-12 - 09:52 PM
Thread Name: BS: 3 to 4 million jobs will be created
Subject: BS: 3 to 4 million jobs will be created
White House Releases State-By-State Employment Data on Impact of American Recovery and Reinvestment Plan January 9, 2009 WASHINGTON, D.C. – During a briefing with National Economic Council Director Larry Summers, the White House today released state-by-state data detailing the jobs impact of the American Recovery and Reinvestment Plan. Summers discussed President Barack Obama's plan to create jobs, stimulate the economy, and foster long-term economic growth.
"We need to immediately jumpstart job creation and President Obama's American Recovery and Reinvestment Plan will help those who have suffered the most during this economic crisis. Our economy is in the midst of an unprecedented crisis and we need to act now," Summers said today.
Obama's plan will create 3-4 million jobs over the next two years. See below for state-by-state data detailing the employment impact of the recovery plan. AMERICAN RECOVERY AND REINVESTMENT PLAN: STATE-BY-STATE JOBS IMPACT
The American Recovery and Reinvestment Plan is a nationwide effort to create jobs, jumpstart growth and transform our economy to compete in the 21st century. The President has set a central goal that this plan will create or save 3 to 4 million jobs over the next two years. Independent analyses by Macroeconomic Advisers and Moody's have confirmed that the recovery plan will meet this jobs goal. Jobs created will be in a range of industries from clean energy to health care, with over 90% in the private sector.
The table below outlines the impact of the American Recovery and Reinvestment Plan on employment by state. 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. These estimates are tentative, and subject to change based on the final composition of the legislation. Employment Impact of the American Recovery and Reinvestment Plan State Estimated Effect Alabama 55,000 Alaska 9,000 Arizona 74,000 Arkansas 33,000 California 421,000 currently 10.7% unemployment 3rd highest in the US Colorado 63,000 Connecticut 44,000 Delaware 11,000 DC 13,000 Florida 218,000 Georgia 113,000 Hawaii 17,000 Idaho 18,000 Illinois 158,000 Indiana 79,000 Iowa 39,000 Kansas 35,000 Kentucky 51,000 Louisiana 53,000 Maine 16,000 Maryland 70,000 Duh, Maryland lost 11,000 jobs last month Massachusetts 83,000 Michigan 116,000 Minnesota 70,000 Mississippi 32,000 Missouri 73,000 Montana 12,000 Nebraska 24,000 Nevada 36,000 currently 11.6% unemployment highest in the US New Hampshire 17,000 New Jersey 106,000 New Mexico 23,000 New York 228,000 North Carolina 111,000 North Dakota 9,000 Ohio 142,000 Oklahoma 42,000 Oregon 46,000 Pennsylvania 152,000 Rhode Island 13,000 currently 10.9% unemployment 2nd highest in the US South Carolina 54,000 South Dakota 10,000 Tennessee 75,000 Texas 286,000 Utah 33,000 Vermont 8,000 Virginia 99,000 Washington 80,000 West Virginia 21,000 Wisconsin 74,000 Wyoming 8,000