2 seconds ago 2009-11-26T07:39:03-08:00
WASHINGTON (AFP) – New data provides the first confirmation that President Barack Obama's economic stimulus plan has so far saved or created more than one million jobs, administration officials said Friday.
Statistics provided by tens of thousands of state and local governments, private firms and universitites detail how a portion of the 787 billion dollar rescue package was spent up until September 30.
A partial accounting covering half the stimulus money spent since Febrary confirmed that 650,000 jobs were directly saved or created.
Officials said that an extrapolation of that employment creation rate to cover all stimulus funds spent said the true figure would show more than a million jobs saved or created during the period.
