January 11, 2009

Obama Stimulus Plan Could Create 8,000+ Jobs

Preseident-elect Obama announced that his stimulus plan could create as many as 3.6 million jobs in the U.S. during the next two years. If Congress approves and his plan is implemented, Vermont could gain more than 8,000 jobs on the assumption that our state would share proportionately in the national job growth.

Again, assuming we gain non-farm jobs in all the primary employment sectors in the same proportion that Obama proposes to create them nationally, the Vermont gains could be:

Mining - 29
Construction - 1632
Manufacturing - 1082
Wholesale Trade - 274
Retail Trade - 1595
Information - 99
Financial Activities - 342
Professional and Business Services - 442
Education and Health Services - 738
Leisure and Hospitality - 1187
Utilities - 34
Transportation and Warehousing - 156
Government Total - 615


My data is here.

Of course, this estimate reflects the best of circumstances and certainly does not take into account jobs that will be lost during these two years.

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