US President Barack Obama's stimulus plan has saved or created
at least 650,000 jobs, and probably more than a million, as his
Government battles a momentous unemployment crisis, officials
said.
New data provides the first solid evidence from employers on job
creation spawned by the $US787 billion ($859 billion) Recovery Act
passed in February despite stiff opposition from Mr Obama's
Republican foes.
The latest measure comes a day after government statistics
showed 3.5 per cent GDP growth in the September quarter after a
painful year of contraction.
Republicans have accused the administration of making up job
creation numbers "out of thin air" to disguise the failure of Mr
Obama's economic policies.
Officials say the data, posted on the website of the independent
panel overseeing the stimulus measure, shows 650,000 jobs were
saved or created up to September 30. Since the survey accounts for
only half the spending during that time, officials say the true
number of jobs created is more than a million.
The figures "confirm government and private forecasters'
estimates that overall Recovery Act spending has created and saved
at least 1 million jobs", an administration official said on
condition of anonymity.
President Obama has vowed that the economic recovery package
would save or create 3.5 million jobs over two years.
The statistics were provided by tens of thousands of state and
local governments, private firms and universities and detail how
about $US150 billion of $US339 billion has been spent. They related
to jobs created on projects such as infrastructure and road works
and account for education jobs saved or created with the use of
stimulus money.
Unemployment remains a key hurdle to sustained recovery. The
latest monthly figures in September pushed the jobless rate to a
new 26-year high of 9.8 per cent, with job losses accelerating to
263,000.
Government data on Thursday showed the economy had emerged from
the deepest recession in decades, but the White House continues to
battle the crushing unemployment figures.
The numbers apply to jobs directly created with Recovery Act
funds, but officials say more jobs are created indirectly, for
example in the retail sector, when these people spend their
wages.
The official release ignited a new row between the White House
and its political foes. "What is quite certain is that since the
stimulus passed in February, more than 2.6 million American jobs
have been lost," the Republican Party said. "The Obama
Administration is either living in a fantasy world or using these
reports to have a public argument with the facts."
For Republicans, "it is clear that President Obama's stimulus
has failed our economy and the American people", it added.
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