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Obama Vows Stimulus Plans Will Create Millions of Jobs

A woman looks at a job listing board in Oakland, California. Barack Obama's advisers said Saturday his economic stimulus plan will \"save or create three to four million jobs\" as the president-elect sought to stem criticism of the 775-billion-dollar plan designed to revive the troubled economy.
(AFP/Getty Images/File/Justin Sullivan)

WASHINGTON - President-elect Barack Obama projected Saturday that his yet-to-be-written economic stimulus plan would create nearly 3.7 million jobs by the end of next year, mainly in construction, leisure services and manufacturing.

But the projected $775 billion plan won't stop the nation's unemployment rate from reaching about 8 percent by the end of this year, an analysis of the plan says, and will only have brought joblessness back to current levels by the end of 2010.