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With U.S. unemployment now at 9.4 percent, President Obama unveiled a plan Monday to provide more than 600,000 new jobs this summer, paid for under the $787 billion economic stimulus package. The initiative will create jobs by dolling up military facilities, improving roads and hiring teachers and some 125,000 teenagers for the summer.
The Los Angeles Times:
President Obama today promised to deliver more than 600,000 new jobs this summer with accelerated spending of some of the $787-billion economic stimulus that Congress approved at his urging earlier this year.
The boost in employment will not offset the job losses of recent months—with more than 1.6 million jobs shaved from the economy since Congress approved the stimulus plan in February. Unemployment last month reached 9.4%, the highest since 1983.
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