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Economy
Michigan: Federal stimulus money saves, creates 19,500 jobs
2009-10-13
The state of Michigan is reporting about 19,500 jobs have been saved or created because of the federal Recovery Act.
"Gentlemen, we've got to save our phoney-baloney jobs!"
Nearly three-fourths of the jobs are related to education.

The report, obtained from the state Monday, is based on information Michigan was required to file with the federal government over the weekend.

The summary reflects nearly $3.7 billion state departments have received in stimulus dollars. It does not include all state-level Recovery Act grants or money sent directly to local governments and universities around the state.

The report doesn't show a breakdown between the number of jobs saved and the number created by the stimulus package. But it's likely Michigan's 15.2 percent unemployment rate would be worse if it weren't for the federal assistance.

Posted by:Fred

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