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Reporting from Washington - Some 250,000 education jobs have been saved or created by the economic stimulus package, according to a White House report released Monday.
"There is a lot more work to be done, but we applaud those districts that have successfully used stimulus funding to stave off catastrophic layoffs and invest in critical reforms," Secretary of Education Arne Duncan said in a statement. Of the $97.4 billion in education funding included in the stimulus bill, $67.6 billion has been spent.
Originally posted by HunkaHunka
Wow... This is good news....
And it gets better...
"There is a lot more work to be done, but we applaud those districts that have successfully used stimulus funding to stave off catastrophic layoffs and invest in critical reforms," Secretary of Education Arne Duncan said in a statement. Of the $97.4 billion in education funding included in the stimulus bill, $67.6 billion has been spent.
So, we've spent about 1/3 of the money allocated and we have saved 250,000 education jobs nationwide! 6,000 in L.A. alone!
We still have 2/3 of the money left to spend!
Georgia Unemployment Rate: 10.1%
National Unemployment Rate: 9.8%
UI Initial Claims: 66,614
Federal Minimum Wage: $7.25