Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output as of September 2009 - November 2009
"...Recipients reported that about 640,000 jobs were created or retained with ARRA funding through September 2009. Such reports, however, do not provide a comprehensive estimate of the laws impact on employment in the United States.The impact may be higher or lower for several reasons(in addition to any issues about the quality of data in the report). First, it is impossible to determine how many of the reported jobs would have existed in the absence of the stimulus package. Second, the reports filed by recipients measure only the jobs created by employers who received ARRA funding directly or by their immediate subcontractors(so-called primary and secondary recipients). Third, the report do not attempt to report the number of jobs that may have been created or retained indirectly as greater income from recipients boosted demand for products and services. Fourth, the recipients' reports cover only certain appropriations made under ARRA, which encompass only about one-quarter of the total amount spent by the government or conveyed by tax reductions in ARRA through September 2009. The report does not measure the effect of other provisions of the stimulus package, such as tax cuts and transfer payments to individuals..."