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According to the Congressional Budget Office...
CBO estimates that ARRA’s policies had the following effects in the first quarter of calendar year 2011:
http://cboblog.cbo.gov/?p=2204
CBO estimates that ARRA’s policies had the following effects in the first quarter of calendar year 2011:
- raised real (inflation-adjusted) gross domestic product by between 1.1 percent and 3.1 percent,
- Lowered the unemployment rate by between 0.6 percentage points and 1.8 percentage points,
- Increased the number of people employed by between 1.2 million and 3.3 million, and
- Increased the number of full-time-equivalent (FTE) jobs by 1.6 million to 4.6 million compared with what would have occurred 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).
http://cboblog.cbo.gov/?p=2204