Although it was recently reported that California's got a 12.2% unemployment rate (a new historical high), the AP reported today that President Obama's stimulus package rescued 100,000 jobs in California:
Calif. stimulus saved or created 100,000 jobsMore than 100,000 jobs have been saved or created in California from the $5.3 billion in federal stimulus money state agencies have spent so far, according to a preliminary report released Saturday by Gov. Arnold Schwarzenegger's administration.
The report from the California Recovery Task Force was based on nearly 6,000 reports it submitted to the federal government on behalf of state agencies and their grantees detailing their job creation through Sept. 30.
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California has so far been awarded about $12.7 billion of an expected $85 billion from the stimulus fund. About $30 billion of that is expected to come as tax relief and the rest will largely benefit health and human services, education, transportation and energy programs in the state.
Saturday's reports indicate that more than 62,000 of the jobs saved or created to date have been in education programs, including 34,000 jobs in the University of California and California State University systems and 28,000 jobs that fall under Department of Education programs such as public school teachers and special education workers. Together they reported spending more than $5 billion.
The California Employment Development Department, which administers unemployment insurance and job training programs, reported spending $98 million and creating 22,517 jobs.