Skip navigation


Current DateTime: 10:02:57 27 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 10:02:57 27 Nov 2009
LinksList Documentid: 33793611
  • How Well Do You Know Your Bird?

      Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.

  • A Healthier & Wealthier You

      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?


Current DateTime: 10:02:57 27 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
White House: 650,000 Jobs Created, Saved by Stimulus
Published: Friday, 30 Oct 2009 | 11:05 AM ET
Text Size
By: AP

About 650,000 jobs have been saved or created under President Barack Obama's economic stimulus plan, the White House said Friday, saying it is on track to reach the president's goal of 3.5 million jobs by the end of next year.
Stimulus Scorecard

New job numbers from businesses, contractors, state and local governments, nonprofit groups and universities were scheduled to be released publicly later Friday.

White House economic adviser Jared Bernstein said the figures will show that, when adding in jobs linked to $288 billion in tax cuts, the stimulus plan has created or saved more than 1 million jobs.

The data will be posted on recovery.gov, the web site of the independent panel overseeing stimulus spending.

"It's a great example of the unprecedented transparency, where the American taxpayer can point and click and see their taxes creating jobs," Bernstein said.

Government recovery plans -- everything from the $787 billion stimulus to tax credits for buying new homes to government deals on new cars -- are credited with helping the economy grow again after a record four straight losing quarters.

But the job market has yet to show signs of recovery, putting pressure on the White House to show that the stimulus was worth its hefty price tag.

When it is released Friday, the new data will be the largest and most complete look at how the stimulus money has been spent so far. The White House promised the data would be far more reliable than the first batch of numbers on federal contracts, which the administration initially embraced, then branded a "test run" after thousands of errors were discovered.

Teachers are expected to represent the largest number of jobs in the report. With state budgets in crisis, federal aid helped governors avoid major cuts in education, which officials said spared hundreds of thousands of teachers from the unemployment line.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Add This share icon
Text Size
  • digg share

CNBC HIGHLIGHTS

  • Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
  • Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
  • T shirt man
  • From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
  • It may be the most unusual guide to business you'll read.
  • "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
  • Some of the nation's top bartenders offer suggestions on what to serve at holiday celebrations this year.
ADD COMMENTS
Remaining characters


Current DateTime: 06:14:06 27 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 09:11:30 27 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 08:46:06 27 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:56:29 27 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters