Truthmatters
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- May 10, 2007
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- #41
http://www.whitehouse.gov/sites/default/files/microsites/CEA-3rd-arra-report.pdf
Following implementation of the ARRA, the trajectory of the economy changed materially toward moderating output decline and job loss. Real GDP began rising in the third quarter of 2009 and payroll employment began to grow in the first quarter of 2010.
• The two CEA methods of estimating the impact of the fiscal stimulus suggest that the ARRA has raised the level of GDP as of the first quarter of 2010, relative to what it otherwise would have been, by between 2.5 and 2.9 percent. These estimates are very similar to those of a wide range of other analysts.
• The CEA estimates that as of the first quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.2 and 2.8 million. These estimates are similar to those of other analysts, and are broadly consistent with the direct recipient reporting data available for 2009:Q4.
Following implementation of the ARRA, the trajectory of the economy changed materially toward moderating output decline and job loss. Real GDP began rising in the third quarter of 2009 and payroll employment began to grow in the first quarter of 2010.
• The two CEA methods of estimating the impact of the fiscal stimulus suggest that the ARRA has raised the level of GDP as of the first quarter of 2010, relative to what it otherwise would have been, by between 2.5 and 2.9 percent. These estimates are very similar to those of a wide range of other analysts.
• The CEA estimates that as of the first quarter of 2010, the ARRA has raised employment relative to what it otherwise would have been by between 2.2 and 2.8 million. These estimates are similar to those of other analysts, and are broadly consistent with the direct recipient reporting data available for 2009:Q4.
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