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Fla.’s 153,000 jobs make it a stimulus leader
4/23/2010

Fla.’s 153,000 jobs make it a stimulus leader

Tampa Bay Business Journal
http://tampabay.bizjournals.com/tampabay/stories/2010/04/26/story8.html

An April 14 report from the Council of Economic Advisers shows the stimulus bill was responsible for 153,000 jobs in Florida in the first quarter of 2010.

The impact in Florida was the fourth largest in the United States.

California felt the largest job impact with 340,000 jobs, followed by Texas with 205,000 jobs and New York with 193,000 jobs.

Larger states had greater estimated job impacts simply because of their larger populations while industrial states experienced greater effects relative to their populations due to having cyclically sensitive employment, the report said.

States with higher unemployment rates at the time of the stimulus bill’s passage saw larger employment effects relative to their populations.

Although the report’s state estimates add up to 2.8 million jobs, the estimated employment impact of the stimulus bill is most likely is between 2.2 million and 2.8 million for the first quarter of 2010, according to CEA’s statistical projection approach.

An earlier CEA report shows about 2.5 million jobs.

Half of these jobs were the result of roughly $200 billion in stimulus tax relief and financial assistance that went directly to lower- and middle-income families.


— Margaret Cashill



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