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Wednesday, September 22, 2010

Countercyclical Job Creation Programs

Linda Levine
Specialist in Labor Economics

During or after all but one recession of the postwar period, Congress has acted to mitigate their effect on workers by enacting legislation to spur job creation through increased spending on public works (infrastructure) and public service programs, revenue sharing with state governments, and employment tax credits. Although Congress passed the American Recovery and Reinvestment Act (P.L. 111-5) early in 2009 and the Hiring Incentives to Restore Employment Act (P.L. 111-147) early in 2010 , concern that the labor market has not yet begun to improve steadily and that a double-dip recession might occur has prompted interest in additional stimulus measures. This report provides a brief overview of the four countercyclical job creation approaches and related legislation enacted during the postwar period.

Date of Report: September 7, 2010
Number of Pages: 8
Order Number: 92-939
Price: $19.95

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