US stimulus plan has created or saved about 150,000 jobs

Source: Internet
Author: User
Keywords Unemployment rate Bernstein.
Tags administration created economic economic stimulus official official said package package is
WASHINGTON, May 27 (Xinhua) The Obama administration's economic stimulus plan has been in place for 100 days, with some 150,000 jobs being created or saved, the White House's top economic official said 27th.  U.S. President Barack Obama February 17 signed a total of 787 billion U.S. dollars in the economic stimulus package. In a conference call on 27th, U.S. Vice President Joe Biden's chief economic advisor, Jarid Bernstein, said the employment figures are the result of a comparison of the employment situation that may arise from the assumption that the economic stimulus is not being implemented.  Using the same method of calculation, Bernstein also predicts that in the next 100 days, the stimulus plan will create or save 600,000 more jobs.  Rob Nebers, deputy director of the White House administration and Budget, said in a conference call that the U.S. government has spent the past 100 days using 112 billion of billions of dollars in the stimulus package, including parts that have been actually disbursed and promised but not disbursed.  The White House Economic Advisers ' Committee has reported that the Obama administration's economic stimulus plan will create or save 3.5 million jobs for the U.S. in the next two years.  While the White House is optimistic about the effectiveness of the stimulus package, statistics show the U.S. unemployment rate reached 8.9% in April this year, the highest level since 1983. In this regard, Ms Bernstein said the fact that the rise in unemployment should not be seen as evidence that the stimulus package was ineffective, because without it, unemployment could rise at a faster rate.
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