Saturday, January 10, 2009

Stimulus: Where Stimulus Will Create Jobs

Lifted in toto from the Wall Street Journal's Real Time Economics blog:

In a report released today top Obama advisers estimate the effects stimulus will have on the labor market. The following are the expectations of the industries where jobs will be created in the fourth quarter of 2010 (total number of expected jobs created is 3,675,000):

The chart can be sorted by industry and number of jobs expected to be created.

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%

*As of December 2008, according to the Bureau of Labor Statistics

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