Assessing the Short-Term Effects on Output of Changes in Federal Fiscal Policies: Working Paper 2012-08

CBO Releases Latest Quarterly Report on ARRA’s Effect on Output and Employment

As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. In its latest report issued this afternoon, CBO provides estimates of ARRA’s impact on employment and economic output in the first quarter of calendar year 2012, as well as over the entire period since February 2009.

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Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from January 2012 Through March 2012

As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. In its latest report issued this afternoon, CBO provides estimates of ARRA’s impact on employment and economic output in the first quarter of calendar year 2012, as well as over the entire period since February 2009.

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