by Greta Kaul
The federal stimulus package has created or saved nearly 650,000 jobs so far this year, the White House said Friday, according to the New York Times.
The reports come from the records recipient agencies of stimulus money. The numbers confirm that the stimulus is on track with its goal of creating 3.5 million jobs by the end of next year, the New York Times said.
If jobs linked to $288 billion in tax cuts were added, estimates say over 1 million jobs would have been saved or created by the stimulus, the Associated Press reported.
Many of the jobs created were in the fields of education and construction, the New York Times said.
The figures released by the White House represent the most extensive effort by any administration to calculate the effects of spending in real time, the AP said.