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stimulus package: Stimulating the Economic Numbers - 11/23/09 01:18 AM
Statistics can be tricky. It all depends on who is doing the math and for what purpose. The latest report on how many jobs can be attributed to the workings of the stimulus package is a perfect case in point. The Obama Administration came out at the end of October with the announcement that the stimulus package has created 650,000 jobs.

To give the government credit, it didn't just pull that number out of a hat. The Recovery, Accountability, and Transparency Board (RATB) is an independent entity that has tracked the money being spent for the Recovery Act. Every dollar … (0 comments)

stimulus package: Conflicting Economic Numbers - 04/05/09 01:32 AM
The stock market rally has many economists hopeful that the end of the recession is near, but the recent unemployment numbers may have dashed those hopes. According to Associated Press reports, the nation's unemployment rate jumped to 8.5 percent in March, the highest in 26 years. "It's an ugly report and April is going to be equally as bad," predicted Mark Zandi, chief economist at Moody's Economy.com.

The number of unemployed people climbed to 13.2 million in March and that doesn't include the number of people who are now working part-time due to having their hours cut. Economists predict that … (3 comments)

 

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