Governor Reports on Positive Job Numbers

Governor Reports on Positive Job Numbers

Governor Martin O’Malley reported that the state’s use of the American Recovery and Reinvestment Act funds from the federal government resulted in positive job effects.  Specifically, the Governor’s press release reports that 13,821 jobs were created or saved during the quarter ending March 31.  Of those 13,000 jobs, only about 3,500 were paid for directly by the federal subsidy.  The others were indirectly created (for example, jobs in industries supplying the federally created projects), or “induced,” meaning that the increased spending in the state saved or created a job in a restaurant or retail store.  Eventually, of course, the economy has to hum along on its own steam, but the recovery dollars have held off a worse recession.

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