Obama Expected to Release New & More Accurate Stimulus Report Today

Politico says President Obama will announce that the stimulus package saved or created a million jobs since he signed it in February. CNN reports this morning that the number of jobs affected will be 650,000.

The discrepancy seems to be a result of the White House’s phrasing. Politico quotes an e-mail from “a senior administration official” that reads:

“…when these totals are posted, we anticipate that these reports will credit the Recovery Act with directly creating or saving about 650,000 jobs. Because these reports show that less than half of the spending through that date created or saved about 650,000 jobs, they confirm government and private forecaster’s estimates that overall Recovery Act spending has created and saved at least 1 million jobs.”

The administration says it is on track to save or create more than three million jobs by the time the stimulus program winds down.

The White House report will be posted later today.

The figures might raise a lot of questions, given Thursday’s Associated Press report that said previous estimates of the number of jobs created or saved through the stimulus program were inaccurate. In fact, errors were found in one in six jobs credited to the program. White House spokesman Robert Gibbs said the errors weren’t as bad as they were made out to be.

On Thursday, The New York Times reported on a long-awaited third-quarter growth in the gross domestic product, quoting economists who attributed much of the expansion to stimulus spending.

ProPublica has provided some tools to help in your stimulus tracking:
 

Stimulus Spending Progress
“How quickly are federal agencies spending? Updated weekly.
 
Stimulus Contractor Database
“Find contractors getting stimulus highway funds.
 
Notices to Proceed
“Who’s getting stimulus projects off the ground fastest?
 
Recovery Tracker
“Find stimulus projects happening near you.”

Here are some additional ProPublica stories:

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