Report says recovery act supported 63,000 jobs in the last quarter

In Washington, the Council of Economic Advisers (CEA) issued its second quarterly report on the economic impact of the American Recovery and Reinvestment Act of 2009. Among the findings are that, as of the end of the fourth quarter of 2009, $263 billion of the total $787 billion included in the Act, or about one-third of the total, has been outlayed or received as tax cuts and that the ARRA added between 3 and 4 percentage points to real GDP growth in the third quarter of 2009 and between 1½ and 3 points in the 4th quarter. The report, which can be seen here, also found that clean energy provisions of the Act had saved or created 52,000 jobs and supported another 11,000 across the economy.