A new report by the Council of Economic Advisers finds that the Recovery Act is responsible for 2.5 million jobs. The report also shows that Recovery Act tax relief and income supports have had an important impact on real disposable income in the last year.
The unemployment rate remained constant in February, but weather events may have had a substantial negative impact on employment figures -- a trend that may counteracted next month as workers who temporarily did not receive a paycheck return to the payroll.
Christina Romer, Chair of the Coucil of Economic Advisers, talks about the successes of the Recovery Act on the first anniversary of President Obama signing it into law.
