Obama's efforts 'save or create 1 mln jobs'
US President Barack Obama's economic recovery efforts have saved or created more than 1 million jobs, according to White House economists, Press TV reported.
The US president has promised that his $787 billion stimulus plan will create or save 3.5 million jobs by the end of next year.
The White House Council on Economic Advisers said in the first report to Congress on the stimulus that the economy was improving and would have been far worse without the stimulus.
"We have absolutely seen a change in trajectory," Christina Romer, the top White House economic adviser said Thursday.
The White House conceded its report was "subject to considerable uncertainty."
However, even before its release, economic indicators have shown promising signs that the recession is easing.
The report also noted that, while job losses continue to mount, the rate of those losses has slowed from more than 700,000 per month early this year to 216,000 last month. However, officials know the most important number remains the unemployment rate, which sits at 9.7 percent.
One year after the collapse of Lehman Brothers that sparked a global financial crisis, President Obama would give a major speech on the economy on Monday, the White House said.