750,000 stimulus jobs by August, White House says

WASHINGTON (CNNMoney.com) - The Obama administration estimates that the economic stimulus plan will create or save 750,000 jobs by early August, a senior administration official said on Monday.

The comments came as the administration's Council on Economic Advisers released a report that explained the methodology behind its estimates for how many jobs will be created by the $787 billion American Recovery and Reinvestment Act.

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