The largest stimulus program in the nation's history has created or saved just over 640,000 jobs, the Obama administration said Friday.

Based on approximately $150 billion in spending from the $787 billion recovery package, the tally is the first broad, concrete look at the stimulus program's impact on the economy. The numbers are drawn from 57,000 reports from state and local recipients and include as many as 30,000 jobs from private companies.
...

"Every dollar being spent from Recovery Act is helping put someone back to work," said Vice President Joe Biden, citing 80,000 construction jobs and 325,000 education positions created or saved by stimulus funds. "My message today is that we're on track."