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	<title>Progress In Action &#187; CBO</title>
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		<title>CBO: Stimulus Put Up To 2.8M People To Work In First Quarter</title>
		<link>http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/</link>
		<comments>http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/#comments</comments>
		<pubDate>Wed, 26 May 2010 13:45:51 +0000</pubDate>
		<dc:creator>Main Contributor</dc:creator>
				<category><![CDATA[President Obama]]></category>
		<category><![CDATA[CBO]]></category>
		<category><![CDATA[Congressional Budget Office]]></category>
		<category><![CDATA[Peter Orszag]]></category>
		<category><![CDATA[stimulus]]></category>

		<guid isPermaLink="false">http://www.progressinaction.com/?p=736</guid>
		<description><![CDATA[The Congressional Budget Office estimates that the stimulus provided jobs to between 1.2 million and 2.8 million people during the first three months of this year.  The stimulus also raised GDP by as much as 4.2%. Raised the level of real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.2 percent Lowered the unemployment [...]]]></description>
			<content:encoded><![CDATA[<div class="socialize-in-content" style="float:left;"><div class="socialize-in-button socialize-in-button-vertical"><a href="http://twitter.com/share" class="twitter-share-button" data-url="http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/" data-text="CBO: Stimulus Put Up To 2.8M People To Work In First Quarter" data-count="vertical" data-via="socializeWP" ><!--Tweetter--></a></div><div class="socialize-in-button socialize-in-button-vertical"><iframe src="http://www.facebook.com/plugins/like.php?href=http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/&amp;layout=box_count&amp;show_faces=false&amp;width=50&amp;action=like&amp;font=arial&amp;colorscheme=light&amp;height=65" scrolling="no" frameborder="0" style="border:none; overflow:hidden; width:50px !important; height:65px;" allowTransparency="true"></iframe></div><div class="socialize-in-button socialize-in-button-vertical"><script type="text/javascript"><!-- 
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			<!-- 
			reddit_url = "http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/";
			reddit_title = "CBO: Stimulus Put Up To 2.8M People To Work In First Quarter";	//-->
		</script><script type="text/javascript" src="http://www.reddit.com/static/button/button2.js"></script></div><div class="socialize-in-button socialize-in-button-vertical"><g:plusone size="tall" href="http://www.progressinaction.com/obama/cbo-stimulus-put-up-to-2-8m-people-to-work-in-first-quarter/"></g:plusone></div></div><div><a href="http://www.progressinaction.com/wp-content/uploads/2010/05/peter-orszag.jpg"><img class="alignleft size-medium wp-image-737" title="peter orszag" src="http://www.progressinaction.com/wp-content/uploads/2010/05/peter-orszag-300x200.jpg" alt="" width="300" height="200" /></a>The Congressional Budget Office estimates that the stimulus provided jobs to between 1.2 million and 2.8 million people during the first three months of this year.  The stimulus also raised GDP by as much as 4.2%.</div>
<p>Raised the level of real (inflation-adjusted) gross domestic product (GDP) by between 1.7 percent and 4.2 percent</p>
<p>Lowered the unemployment rate by between 0.7 percentage points and 1.5 percentage points</p>
<p>Increased the number of people employed by between 1.2 million and 2.8 million, and</p>
<p>Increased the number of full-time-equivalent (FTE) jobs by 1.8 million to 4.1 million compared with what those amounts would have been otherwise. (Increases in FTE jobs include shifts from part-time to full-time work or overtime and are thus generally larger than increases in the number of employed workers.)</p>
<p>You can read the full CBO post <a href="http://cboblog.cbo.gov/?p=967">here</a>.</p>
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