https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png 0 0 Steve Poftak https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Steve Poftak2009-10-29 12:30:222012-11-29 22:51:50Running the Numbers, Stimulus Style
Running the Numbers, Stimulus Style
You’ll forgive me for being a skeptic about job creation numbers. There’s a history there.
So, the GOV’s announcement that Stimulus Act Spending had “created or retained 23,533 jobs” caught my eye. Reading the press release more closely, I saw this qualification:
Stimulus spending has created or retained 8,792 full-time equivalents (FTEs), representing 23,533 individual citizens put to work.
If we take the $1.9b already spent by the state on stimulus and spread it across the number of FTEs, that comes to a subsidy of over $200k for each preserved or retained full-time job.
I don’t have a good frame of reference (and I’d be curious how other states are doing) but that strikes me as a pretty big number on a per full-time job basis.