Thousands of mining jobs have been lost worldwide over the past few months due to the huge decline in commodity prices. So far, Alaska mines seem to be holding steady but exploration projects are facing big cutbacks. We should find out relatively soon about whether the Pebble project's budget will be crimped.
With all the discussion about a stimulus plan in Congress I thought I'd look to see whether anyone had analyzed the impact of the stimulus on mining jobs.
Sure enough, last month, some of President Obama's economic advisors published an analysis of the impact of his proposed $600 billion stimulus plan, by employment sector.
On page nine of the analysis they said the stimulus would create 26,000 mining jobs. The report doesn't provide much detail about those projected jobs, though.
Of course the stimulus plan now being debated in Congress has inflated well beyond $600 billion.
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