Economic Stimulus: Where Will Jobs Be Created?
As President Barack Obama seeks to get Congressional approval for an economic stimulus package by mid February, it is interesting to look at where the proposed stimulus would create jobs. The Wall Street Journal has released information about where jobs would be created, as released in a report by the Bureau of Labor Statistics. The total number of jobs expected to be created is 3,675,000.
Obama Is Seeking Congressional Approval For An Economic Stimulus Package
The most jobs will be created in government jobs as government spending increases. Construction jobs, which will increase by almost 7 million jobs, will experience the largest percentage increase in jobs.
| Industry | Jobs Created | Number of jobs in industry* | Percent increase |
|---|---|---|---|
| Mining | 26,000 | 802,000 | 3.0% |
| Construction | 678,000 | 6,833,000 | 9.9% |
| Manufacturing — Total | 408,000 | 12,981,000 | 3.1% |
| Wholesale Trade | 158,000 | 5,909,400 | 2.7% |
| Retail Trade | 604,000 | 14,965,500 | 4.0% |
| Information | 50,000 | 2,933,000 | 1.7% |
| Financial Activities | 214,000 | 8,104,000 | 2.6% |
| Professional and Business Services | 345,000 | 17,450,000 | 2.0% |
| Education and Health Services | 240,000 | 19,104,000 | 1.2% |
| Leisure and Hospitality | 499,000 | 13,468,000 | 3.7% |
| Other Services | 99,000 | 5,467,000 | 1.8% |
| Utilities | 11,000 | 564,400 | 1.9% |
| Transportation and Warehousing | 98,000 | 4,393,800 | 2.2% |
| Government — Total | 244,000 | 22,514,000 | 1.1% |
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