State Unemployment : Economic stimulus bill gets off to a sluggish start

nys unemployment

WASHINGTON — The mammoth economic stimulus bill that passed early this year created or saved just 231 jobs in the Buffalo metro area as of the end of September, a Buffalo News analysis of federal reports shows.

That figure is understated to an unknown degree because saved education jobs are not reported on the local level.

But there’s no doubt that, overall, the $787 billion stimulus bill has not yet had a huge impact on local employment for two reasons:

The federal funds have been flowing slowly to Erie and Niagara counties.

And recipients seemed to be in no rush to spend what they got.

Despite the slow start, the region eventually should get a huge boost from the federal funding. The Buffalo News analysis, based on federal reports filed by those who received the money as of Sept. 30, found $408.6 million already awarded to the Buffalo area.

read full article : Economic stimulus bill gets off to a sluggish start
buffalonews.com

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