Senior Director of State Fiscal Research
A new Congressional Budget Office report finds that the 2009 Recovery Act is continuing to save jobs and protect the economy from what would have been a much deeper recession, as our updated analysis explains.
The Recovery Act achieved its primary goal of protecting the economy during the worst of the recession. The CBO report finds that the act’s effect on jobs peaked in the third quarter of 2010, when up to 3.6 million people owed their jobs to it. Since then, its job impact has gradually declined as the economy has improved and certain provisions have expired.
Still, even as of the first quarter of 2012, the Recovery Act:
Click here for the full report.