American Recovery and Reinvestment Act of 2009
(ARRA)
Articles relating to this subject are summarized below. The full article can be accessed by clicking on the
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DOL Information Related to the American Recovery and Reinvestment Act of
2009
Information about Department of Labor programs funded by the Recovery Act.
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DOL - ETA Information Related to the American Recovery and Reinvestment Act of
2009
Overview of the American Recovery and Reinvestment Act of 2009 (Recovery Act)
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A number of provisions to help the unemployed are included in the American Recovery and
Reinvestment Act (ARRA), and here’s a list of some of the major benefits. Offerings vary
greatly by state, so check with your local unemployment office to find out what exactly is
available to you.
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Recovery.gov provides estimates of jobs to be created and saved in each state under the
stimulus program. As more information is released, the map will be updated.
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The Job Impact of the American Recovery and Reinvestment
Plan [PDF document]
A key goal enunciated by the President-Elect concerning the American Recovery and Reinvestment Plan is
that it should save or create at least 3 million jobs by the end of 2010. For this reason, we have
undertaken a preliminary analysis of the jobs effects of some of the prototypical recovery packages
being discussed. Our analysis will surely evolve as we and other economists work further on this topic.
The results will also change as the actual package parameters are determined in cooperation with the
Congress. Nevertheless, this report suggests a methodology for ensuring that the package contains
enough stimulus that we can have confidence that it will create sufficient jobs to meet the
President-Elect’s goals. |
What Jobs Will the Stimulus Create?
The
American Recovery and Reinvestment Act seeks to bring timely relief to 11.6 million
unemployed Americans and 734,000 discouraged workers -- so called by the Bureau of
Labor Statistics because they have given up looking.
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The American Recovery and Reinvestment Act of 2009 (ARRA) provides for premium reductions
and additional election opportunities for health benefits under the Consolidated Omnibus Budget
Reconciliation Act of 1985, commonly called COBRA. Eligible individuals pay only 35 percent of
their COBRA premiums and the remaining 65 percent is reimbursed to the coverage provider
through a tax credit. The premium reduction applies to periods of health coverage beginning on
or after February 17, 2009 and lasts for up to nine months for those eligible for COBRA during
the period beginning September 1, 2008 and ending December 31, 2009 due to an involuntary
termination of employment that occurred during that period. The TAA Health Coverage Improvement
Act of 2009, enacted as part of ARRA, also made changes with regard to COBRA continuation
coverage.
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Recovery Act Grant Information
The recent
ARRA legislation provides an unprecedented level of funding ($8.2 billion in
extramural funding) to the NIH to help stimulate the US economy through the support
and advancement of scientific research. While NIH Institutes and Centers have broad
flexibility to invest in many types of grant programs, they will follow the spirit
of the ARRA by funding projects that will stimulate the economy, create or retain
jobs, and have the potential for making scientific progress in 2 years.
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