Chairman of the Council of Economic Advisers Austan Goolsbee discusses a new report that shows the growth rate of the economy continued to increase in the final quarter of 2010, a further sign that the economy continues to gain momentum as it recovers from the worst recession since the Great Depression.
The Recovery Act created more that 80,000 clean energy jobs in the first quarter of 2010, according to a new supplement to the CEA's Third Report to Congress on the Recovery Act, which was released on April 14, 2010.
CEA Chair Christina Romer and Senior Economist Jesse Rothstein show the effects of the Recovery Act on Employment by State in a supplement to the CEA's Third Report to Congress on the Recovery Act, which was released on April 14, 2010.
April 16, 2010 at 11:10 AM ET by Christina Romer & Jesse Rothstein
A new report by the Council of Economic Advisers finds that the Recovery Act is responsible for 2.5 million jobs. The report also shows that Recovery Act tax relief and income supports have had an important impact on real disposable income in the last year.
The unemployment rate remained constant in February, but weather events may have had a substantial negative impact on employment figures -- a trend that may counteracted next month as workers who temporarily did not receive a paycheck return to the payroll.
Steven Braun, Director of Macroeconomic Forecasting for the Council of Economic Advisers, explains how weather events, like the back-to-back February snowstorms in the Northeast, can affect payroll employment and shorten the workweek.