Monday
May112009
A Savior for Jobs in America?
Monday, May 11, 2009 at 4:01PM
By Courtney Ann Jackson- Talk Radio News
The Council on Economic Advisers reports that they will be monitoring the saving and changing of jobs in the United States on individual state basis.
The CEA this year will report to Congress on all estimates of jobs saved and created. The estimates will be combined with numbers from state by state reports.
An unnamed senior administration official said they are going to “be monitoring every state, every county, finding out what’s happening in terms of the actual reporting of where the jobs are being created and how things are going.”
A January report said that 3.5 million jobs would be saved as a result of the program under the Recovery Act. The official said those estimates have not changed “in terms of what the program is going to do.”
The program is expected to fulfill its original promises, the official said. “We are seeing unemployment interestingly throughout the spectrum,” the official said. The effects have crossed over into a variety of industries and geographic groups. The CEA hopes to receive description of exactly what types of jobs are being created when they receive the individual state reports.
The report spells out the general principles of how the states will be asked to report on the specifics of their progress. The official said it is important to see how each state’s projects and progress compares across the country. That is the type of information the CEA hopes to gain with the direct reports.
The Council on Economic Advisers reports that they will be monitoring the saving and changing of jobs in the United States on individual state basis.
The CEA this year will report to Congress on all estimates of jobs saved and created. The estimates will be combined with numbers from state by state reports.
An unnamed senior administration official said they are going to “be monitoring every state, every county, finding out what’s happening in terms of the actual reporting of where the jobs are being created and how things are going.”
A January report said that 3.5 million jobs would be saved as a result of the program under the Recovery Act. The official said those estimates have not changed “in terms of what the program is going to do.”
The program is expected to fulfill its original promises, the official said. “We are seeing unemployment interestingly throughout the spectrum,” the official said. The effects have crossed over into a variety of industries and geographic groups. The CEA hopes to receive description of exactly what types of jobs are being created when they receive the individual state reports.
The report spells out the general principles of how the states will be asked to report on the specifics of their progress. The official said it is important to see how each state’s projects and progress compares across the country. That is the type of information the CEA hopes to gain with the direct reports.
Just a Spoonful "Economic Medicine"
The Recovery Act is doing just as its name promised, according a press conference Wednesday from the office of Vice President Joe Biden. Biden released his first of a series of quarterly reports to President Barack Obama Wednesday morning.
In an on background conference call, a senior administration official from the Vice President’s Office said the American Recovery and Reinvestment Act has shown “early progress providing immediate financial relief for American families.”
The recession has been broad-based, causing unemployment to rise across the country. However, the Recovery Act has been responsible for creation of 150,000 new jobs so far, across all 50 states, including those in areas where it is most needed. “There are programs targeted to specific high unemployment
areas,” the official said.
The report discussions on state fiscal stabilization funds highlights Wisconsin’s application. It is is a good example of how states are “ramping up,” according to the official.
“The report find the anticipated funds are already having an effect on economic and job growth as private sector companies step up to meet expected demand for their projects under the act and state governments adjust their spending plans and they expect to received additional funds,” the
official said.