High Tech Job Trends
A number of recent reports show job growth attributed to the stimulus measures: The Council of Economic Advisors (CEA) shows a creation/retention of 2.5 to 3.6 million jobs over what it would otherwise have been. The Congressional Budget Office (CBO)’s May report indicates that the Recovery Act has created between 1.2 million and 2.8 million workers, and projects up to 3.7 by the end of Q3.
The fiscal stimulus increased substantially in the first quarter of 2010 and further in the second quarter (from $80 billion in the fourth quarter of 2009 to $108 billion in the first quarter of 2010 to $116 billion in the second quarter of this year). Government investment in areas such as infrastructure, clean energy, and communications technology increased by roughly 50 percent between the first and second quarters of 2010. (more…)