NJ reports 24,108 jobs created or saved from stimulus

Congress passed the $787 billion stimulus bill last February, as unemployment rose to 8.5 percent. Roughly a third went to tax cuts, another third went to direct services such as extended unemployment benefits, and the remainder, $275 billion, was set aside for federal contracts, grants, and loans.

Of the $275 billion, $159 billion has been awarded, if not spent. A total of 640,329 job equivalents were created or saved as of Oct. 30, according to the federal Web site www.recovery.gov. (The statistic represents work hours divided into full-time jobs.)

New Jersey made the top 10 in jobs, reporting 24,108 jobs created or saved.

There is still plenty more work to do on the road ahead.

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