Updated Recovery Act Job Figures
By Robert Brodsky
It turns out the stimulus funded more jobs last quarter than originally expected.
Recipients of Recovery Act funds have spent the past several weeks updating their January 2010 spending reports. Final data for the quarter now shows that the bill funded 608,203 jobs from Oct. 1 through Dec. 31, 2009, according to data on Recovery.gov . The original reports showed recipients had reported funding 599,108 jobs.
Recipients of stimulus contracts, grants and loans are required to report quarterly on the status of their stimulus-funded projects and the amount of money spent. Under a new policy, recipients are allowed to correct mistakes in their award reports for several weeks after the reports are filed. Nearly 15 percent of all reports filed for the quarter were subsequently amended, most often to correct jobs totals.
The next reporting cycle begins April 1, 2010.
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During W's presidency he created 200 million new jobs using baraks math
dan ketter Posted Friday, March 19, 2010 1:32 PMReporting? You mean like the millions given to Oregon State to save the job of the basketball coach? You know. The First Lady's brother.
Yeah. There is another chunk of reporting few heard about.
Do the math. We could have simply handed the money out to individuals and "made" more jobs, not to mention stimulating the economy. Oh wait. That isn't allowed is it? Government has to be the answer to all problems.
Sadly, they seem to create more than they solve.
Bud Posted Monday, March 22, 2010 11:12 AMThis BS recount of jobs created through the stimulas brings back memories of days in Vietnam when the higher command would not accept the required body counts and demand that there be a recount. Of course this did lead to exagrated counts just to curtail the expected BS.
Fed Posted Thursday, March 25, 2010 9:21 AM