Wednesday, February 25, 2009

Weds Feb 25 2009 News Snippets


Jobs in all 50 states
You've probably heard a lot about the American Recovery and Reinvestment Plan. And you may have heard the President or members of his economic team say that this plan will save or create 3 to 4 million jobs over the next two years. Maybe you wondered where that number comes from. Well, it's from a study by Christina Romer, the Chair of the Council of Economic Advisers and Jared Bernstein, Chief Economist to the Vice-President. Their analysis has been confirmed by outside experts including the forecasting firm Macroeconomic Advisers and Moody's.
Jumpstarting job growth is the top priority of the Recovery and Reinvestment Plan. Construction jobs to rebuild our nation's crumbling infrastructure*....technology jobs to bring put medical records online and lower health care costs while reducing medical errors...engineering jobs to modernize federal buildings and save billions in annual energy costs...jobs equipping our schools and colleges so the country's best young minds have a place to grow...and jobs laying broadband lines so a business in rural America can compete with any other business in the world.
Over 90% of the jobs created will be in the private sector.
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More information on the types of job created in the stimulus plan see this study from the Council of Economic Advisers.
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