Finance & Business World

The American Recovery and Reinvestment Act could add or save approximately 396,000 jobs in California, according to statistics released by the White House on Tuesday.

The stimulus bill is an effort to create jobs, jump-start growth and transform the U.S. economy to compete in the 21st century. The White House said the compromise package of $789 billion could over the next two years create 3.5 million jobs, 90 percent of which would be in the private sector.

California lost 257,400 jobs from December 2007 to January 2009, according to the state Employment Development Department payday loans with no fax. About 1.73 million Californians are jobless.

California would receive the biggest boost from the stimulus bill, followed by Texas with 269,000 jobs, New York with 215,000, Florida with 206,000 and Illinois with 148,000.

Alaska, North Dakota, Vermont and Wyoming tied at the bottom of the list with an estimated 8,000 jobs each.

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