THE WHITE HOUSE
Office of the Press Secretary
FOR IMMEDIATE RELEASE May 11, 2009
CEA Releases New Report on Measuring Recovery Act Progress Creating, Saving Jobs
The Council on Economic Advisers today released "Estimates of Job Creation from the American Recovery and Reinvestment Act of 2009," a report detailing how the Administration will measure progress creating and saving jobs under the Recovery Act.
Work began on the methodology in the earliest days of the Administration and within days of the Recovery Act being signed into law, Chairman Romer met with top economists from numerous agencies to develop a simple, conservative and accurate model for measuring progress. The model pairs a macro approach based on projected and actual spending with direct reporting by recipients to improve the level of accuracy.
To view the report, click HERE.