ARRA Jobs Reports Parsed
The Center on Budget and Policy Priorities (CBPP) breaks down a new Congressional Budget Office (CBO) report that puts American Recovery and Reinvestment Act (ARRA) job creation at between 600,000 to 1.6 million as of September. According to CBPP: the “estimate by Congress’ non-partisan economic and budget analysts is more comprehensive than the 640,000 jobs that ARRA recipients reported in late October, CBO explains.” The 640,000 job-creation figure listed on Recovery.gov — a number expected to grow — is based on quarterly reports submitted by prime recipients of the funding.