President Obama promises a stimulus plan that will create or save as many as
many as four million jobs by the end of next year.
With his inauguration, President Barack Obama will go about tackling the work
of helping American workers find new jobs or keep the ones they have.
With a proposed combination of funding and tax cuts and incentives, the President's
plan would save or create at least 3.7 million jobs -- but perhaps as many as 4 million --
nearly 90 percent of them in the private sector, by 2010.
As outlined by his economic team, here is the breakdown of the jobs created or saved
in the American Recovery and Reinvestment Plan:
Total Jobs
Direct
Indirect
Energy
459,000
305,000
153,000
Infrastructure
377,000
236,000
142,000
Healthcare
244,000
166,000
78,000
Education
250,000
166,000
83,000
Protecting Vulnerable
549,000
140,000
409,000
State Relief
821,000
442,000
379,000
Making Work Pay Tax Cut
505,000
0
505,000
Business Tax Incentives
470,000
0
470,000
All Components
3.675,000
1,456,000
2,219,000
In the meantime, as Congress debates these issues, it's best to continue to
protect your job if you have one, while looking to a future that will slowly
bring back a stronger job market for job-seekers. For those who are
unemployed or underemployed, now is the time to consider survival jobs
or other temporary employment until more jobs open in your career field.
