WH report: Stimulus law boosted economy, jobs - KAIT Jonesboro, AR - Region 8 News, weather, sports

WH report: Stimulus law boosted economy, jobs

WASHINGTON (AP) - The White House says the $800 billion stimulus law passed in the early days of the Obama administration continues to improve economic conditions and increase employment.

President Barack Obama's Council of Economic Advisers issued a report Thursday concluding that the contentious law that targeted the recession has been a significant factor in the recovery.

 The report says the stimulus has created or saved 2.7 million to 3.7 million jobs through the third quarter of this year. Obama economists predicted in early 2009 that the stimulus would save or create 3.5 million jobs Unemployment, however, is 9.6 percent.

And the report comes after an election in which voters appeared to reject assertions by Obama and Democrats that they had pulled the country out of an economic quagmire.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Johnny Cash boyhood home considered for historic nomination

    Johnny Cash boyhood home considered for historic nomination

    Thursday, November 23 2017 8:34 PM EST2017-11-24 01:34:09 GMT
    (Source: KAIT)(Source: KAIT)

    The boyhood home of country music icon Johnny Cash is being considered as a nominee for inclusion on the National Register of Historic Places.             

    The boyhood home of country music icon Johnny Cash is being considered as a nominee for inclusion on the National Register of Historic Places.             

  • Volunteers serve nearly 2,000 Thanksgiving meals

    Volunteers serve nearly 2,000 Thanksgiving meals

    Thursday, November 23 2017 4:55 PM EST2017-11-23 21:55:36 GMT
    Thursday, November 23 2017 6:04 PM EST2017-11-23 23:04:27 GMT
    (Source: KAIT)(Source: KAIT)

    Thanksgiving is a time to be with loved ones and enjoy good food, but since that is not an option for everyone, members of the Jonesboro community came together to make sure as many people as possible were fed.

    Thanksgiving is a time to be with loved ones and enjoy good food, but since that is not an option for everyone, members of the Jonesboro community came together to make sure as many people as possible were fed.

  • Turkey Trot promotes exercise on Thanksgiving

    Turkey Trot promotes exercise on Thanksgiving

    Thursday, November 23 2017 5:07 PM EST2017-11-23 22:07:11 GMT
    Thursday, November 23 2017 6:00 PM EST2017-11-23 23:00:34 GMT
    (Source: KAIT)(Source: KAIT)

    On Thanksgiving, people usually indulge in good food and time with loved ones. The day also included some exercise for around 200 people in Jonesboro.

    On Thanksgiving, people usually indulge in good food and time with loved ones. The day also included some exercise for around 200 people in Jonesboro.

Powered by Frankly