WASHINGTON, April 26 (UPI) -- The National Association for Business Economics found a majority of members in a survey indicated U.S. government spending had no impact on jobs.
Of 68 NABE economists surveyed, 73 percent indicated the $787 billion economic stimulus bill passed in February 2009 had zero impact on the job market, the organization said Monday.
A recently passed jobs bill was also met with sharp skepticism. Sixty-eight percent of the 68 respondents indicated the measure would have no impact on jobs while 30 percent indicated they believed it would have a modest impact.
On the positive side, 57 percent of respondents indicated demand had risen in their firms in the first quarter and 6 percent said demand had fallen, the highest positive net percentage in more than four years.
Twenty-four percent of survey respondents indicated the gross domestic product would increase by more than 3 percent in 2010 and 70 percent said it would grow by more than 2 percent this year, NABE said.