WASHINGTON (AP) - A White House report predicts the United States is likely to average 95,000 more jobs each month this year, while Americans' personal savings will remain high as credit remains tight.
The Council of Economic Advisers also trumpets the $787 billion economic stimulus package, which it says has saved or created about 2 million jobs.
In a message to Congress, President Barack Obama points out that the economy he inherited was losing 700,000 jobs each month. Republicans were quick to describe the document as propaganda masquerading as governing.
Obama's report predicts the economy could grow at a rate of 2.5 percent, in line with what the administration's economists predicted last year.