Stimulus saves CA jobs

Gov. Arnold Schwarzenegger was at the White House today, saying nice things about the federal stimulus and how it's created or saved more than 100,000 jobs in the state. Roughly 62,000 of those were teachers, professors and school administrators, according to the governor. From the NYT:

Counting jobs that were saved can be a squishier proposition than counting jobs that were created. And while teachers are being laid off in some areas -- and there would undoubtedly have been more layoffs without the stimulus money -- it is difficult to say for sure how many teachers would actually have been laid off without the stimulus money.

These figures do not include jobs indirectly created through tax cuts, unemployment benefits and aid to states for Medicaid. Counting all that the tally would be more than 1 million jobs saved or created, according to the WH.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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