(Washington, DC)  --  The White House believes around 650,000 jobs have been saved or created by the massive economic stimulus package.

Later today, the Obama administration will release a new report detailing how many jobs were saved or created by the government's stimulus plan. 
But after earlier figures contained mistakes some skeptics wonder if the new numbers add up

The White House's newest stimulus report card is expected to show the $787 billion financial package "saved or "created" hundreds of thousands of  jobs.  The update, due out later today, is the Obama administrations second attempt at crunching the numbers. Its first report overstated the positive effects on employment.

 "We have a rough estimate at best, and at worst, these numbers are next to useless," believes Craig Jennings, a Federal Fiscal Policy analyst.

The Associated Press found the administration's initial progress report was filled with hundreds of errors.  For instance -- a child care center in Florida reported 129 jobs were created by a stimulus grant. But no jobs were created. The money was really used to "increase compensation and benefits for 129 existing employees.

The Obama administration has been working for weeks to correct its earlier mistakes. Officials say today's job report has been double and even triple checked.

But Republicans argue it's virtually impossible to come up with an accurate number. "There is no factual way of determining how many jobs were saved or created," said Rep. John Boehner/(R) Minority Leader.

New unemployment numbers come out next week and are expected to climb to 10 percent. While it may not feel like things are getting better, experts say give it time.

Lakshman Achuthan: "The recession ended this summer and the recovery has begun. It does not tell us that we are "recovered", said Lakshman Achuthan of the Economic Cycle Research Institute.


And it could take years before the nation fully bounces back. So far 7-million jobs have vanished due to the recession.


(Tara Mergener, CBS News)