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White House to Release Stimulus Report

Later today, the Obama Administration will release a new report detailing how many jobs were saved or created by the government's stimulus plan.

The White House's newest stimulus report card is expected to show the 787 billion dollar financial package "saved" or "created" hundreds of thousands of jobs.

The update due out later today is the Obama administration's second attempt at crunching the numbers.

Its first report overstated the positive effects on employment.

"We have a rough estimate at best, and at worst, these numbers are next to useless,"explained Craig Jennings, Federal Fiscal Policy Analyst.

The Associated Press found the administration's initial progress report was filled with hundreds of errors.

For instance, a child care center in Florida reported 129 jobs were created by a stimulus grant.

But no jobs were created.

The money was really used to increase compensation and benefits for 129 existing employees.

The Obama Administration has been working for weeks to correct its earlier mistakes.

Officials said today's job report has been double and even triple checked.

But Republicans argue it's virtually impossible to come up with an accurate number.

"There is no factual way of determining how many jobs were saved or created,"said Rep. John Boehner, Republican Minority Leader.

New unemployment numbers come out next week and are expected to climb to ten percent.

While it may not feel like things are getting better experts say give it time.

So far seven million jobs have vanished due to the recession.