Congressional Budget Office Estimates the Current Impact of Recovery Act

According to the Congressional Budget Office, which produces independent analyses of the federal budget and economic issues, the Recovery Act provided jobs for at least 200,000 people and possibly as many as 900,000 during the third quarter of 2012. Similarly, the gross domestic product increased between 0.1 and 0.7 percent during the same period and the national unemployment rate was lowered between 0.1 and 0.5 percent also as a result of the Recovery initiative, CBO added.

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Filed under: Studies
Posted on 12/30/2012 & last modified on 8/25/2014

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