A million jobs credited to stimulus plan

[Cant trust em]

Source: Salt Lake Tribune

President Barack Obama's $787 billion economic recovery plan has created or saved roughly 1 million jobs since it was enacted in February, an administration economic official said.

Jared Bernstein, chief economic adviser to Vice President Joe Biden, cited private estimates and a preliminary government report that showed more than 30,380 jobs have been created directly from federal contracts awarded with stimulus finds. The result has been a "much needed lift in a very difficult period for our economy," Bernstein said in a statement.

While Bernstein said "early indications are quite positive," he cautioned against drawing broader conclusions from the data, which is based on just $16 billion of the $339 billion in stimulus funds that were distributed between Feb. 17 and Sept. 30. A more complete report that covers all the recipients of those funds will be released Oct. 30.



Read more: http://www.sltrib.com/business/ci_13570332

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I'm a little confused about where the million number comes from, but it still sounds good.