Recovery Act generates 63,000 jobs: White House

“So as of 2009,quarter four,what we estimate is that the clean-energy spending has created 52,000 clean-energy jobs and another 11,000 induced jobs throughout the economy. So that gives you a sense,a total of 63,000 in this area,” she said.

“And our bottom-line number is that this investment will yield 700,000 or actually more than 700,000 job years of employment by the end of 2012. So that gives you a sense that this is not only a big part of the spending; it’s a big part of the job creation under the act,” Roemer said.

The CEA estimates that the American Recovery and Reinvestment Act (ARRA) added between three and four percentage points to real GDP growth in 2009:Q3 and between 1½ and 3 percentage points in 2009:Q4. It has raised the level of GDP as of 2009:Q4 by roughly 2 per cent,relative to what it otherwise would have been.

CEA also estimates that the ARRA has raised employment relative to what it otherwise would have been by between 1½ and 2 million jobs as of 2009:Q4.