There's always speculation when it comes to actual public tallies, but according to the White House, the $787 billion stimulus package has created just under 683,000 jobs in the first quarter of 2010. Based on 179,000 reports filed by individual states, these 682,799 jobs were added primarily in the areas of road construction, police officers and teachers as the stimulus money was put directly towards these occupations. These numbers do not reflect jobs that were created indirectly through companies.
However, the White House's Council of Economic Advisers tells a different story, claiming figures from the stimulus package were closer to 2.2 million and 2.8 million jobs through the same first quarter of 2010 and claims the massive American Recovery & Reinvestment Act project is still on track to fund a total of 3.5 million jobs by the end of the year. Even though both sets of figures have been praised by several governors for producing jobs in their states, the numbers simply do not coincide. A large difference between the two founding reports is that the White House's Council of Economic Advisers findings are based on a mathematical formula that uses figures on how many stimulus dollars have been used for job projects and includes both direct and indirect hires.
According to a National Association for Business Economists survey, 73 per cent of them note that employment at their workplace is the same, not being any higher or lower due to the stimulus project. As well, a recent Pew Research survey for the Press said that 62 per cent of respondents admit that stimulus package has not helped the job situation at all.
Stimulus dollars are distributed and tracked on a cumulative basis, whereas stimulus jobs, reported quarterly, are not cumulative. Since the American Recovery and Reinvestment Act was passed in February 2009, a total of $205 billion has been awarded and an additional $62 billion has been distributed to recipients. In the fourth quarter of 2009, the stimulus plans says it funded approximately 600,000 jobs. However, 14 months after it was enacted, the Republicans point out that the high unemployment rate of 9.7 per cent is evidence it is not having the desired effect.
Despite reports of 15,200 full-time jobs being either created or retained in Pennsylvania, many economists still question the reports from the Obama administration and how much impact the Recovery Act has actually had. Money and job security has been an ongoing issue for many people and will continue to be at the forefront of American minds until the recession's end.
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