ARRA funds lower unemployment, Onvia study shows

Thursday - 6/24/2010, 9:40am EDT

Michael Balsam, Chief Strategy Officer, Onvia

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We're learning more about how federal stimulus dollars are being spent, and where those dollars are making the biggest impact. Onvia, which is a company that tracks government contracts and spending, has released analysis, which compares the "velocity of spending" to where jobs are being created. Onvia's Chief Strategy Officer, Michael Balsam, tells Federal News Radio that the faster the money is spent, the more the unemployment rate drops.