U.S. stimulus gave large jobs boost in Q3 - CBO
WASHINGTON |
WASHINGTON Nov 24 (Reuters) - The massive U.S. stimulus package, widely viewed by voters to be ineffective, put 1.4 million to 3.6 million people to work between July and September, the nonpartisan Congressional Budget Office said on Wednesday.
The $814 billion Recovery Act, passed last year to fight the worst U.S. recession since the 1930s, also boosted national output by between 1.4 percent and 4.1 percent during that period, CBO said in its latest estimate. (Reporting by Andy Sullivan; Editing by John O'Callaghan)
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