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| Economy |
| Michigan: Federal stimulus money saves, creates 19,500 jobs |
| 2009-10-13 |
| The state of Michigan is reporting about 19,500 jobs have been saved or created because of the federal Recovery Act. "Gentlemen, we've got to save our phoney-baloney jobs!" Nearly three-fourths of the jobs are related to education. The report, obtained from the state Monday, is based on information Michigan was required to file with the federal government over the weekend. The summary reflects nearly $3.7 billion state departments have received in stimulus dollars. It does not include all state-level Recovery Act grants or money sent directly to local governments and universities around the state. The report doesn't show a breakdown between the number of jobs saved and the number created by the stimulus package. But it's likely Michigan's 15.2 percent unemployment rate would be worse if it weren't for the federal assistance. |
| Posted by:Fred |
| #10 I don't know... some of you who've had the responsibility of administering payroll can confirm or deny, but I was under the impression that the actual cost per employee is on the order of double the actual salary, including benefits and overhead to the business. In that case, considering that some of these jobs should have been created, and all would have extra overhead to comply with whatever federal silliness was required for extra documentation, etc*, $190,000 per job doesn't sound terribly far off for complying with a new federal program. *Where etc means hiring or transferring several employees to administer the additional requirements, with those additional costs spread across the new employees. This is why it's a bad idea to take Federal funds. |
| Posted by: trailing wife 2009-10-13 23:12 |
| #9 Detroit has 30% unemployment. Yet the locals still elect anti-development candidates. Sow the wind... |
| Posted by: Snineting Tojo7266 2009-10-13 17:06 |
| #8 That's 190K transferred out of the pockets of those who earned it... How many would've been employed if workers had kept their own money? |
| Posted by: Bright Pebbles 2009-10-13 16:52 |
| #7 If so, it cost about $190K per job Sounds about par for government efforts. Government reformed [?] health care ought to be a costly nightmare. There is a welfare mentality that is created by the government in the people who receive this government-redistributed largesse for which others have worked. |
| Posted by: JohnQC 2009-10-13 15:58 |
| #6 So what happens when the money runs out? Ask Obama for more. What else? |
| Posted by: Ebbang Uluque6305 2009-10-13 12:09 |
| #5 Is the $3.7B the amount that Michigan accounted for directly related to those 19,500 jobs? If so, it cost about $190K per job ... nice work if you can get it. :-/ |
| Posted by: ExtremeModerate 2009-10-13 10:02 |
| #4 ...Give the Governor a harrumph! Mike |
| Posted by: Mike Kozlowski 2009-10-13 08:20 |
| #3 So what happens when the money runs out? |
| Posted by: CrazyFool 2009-10-13 08:18 |
| #2 ...not in a union shop. |
| Posted by: Procopius2k 2009-10-13 08:02 |
| #1 Could you not have just paid teachers less, and used the money to employ more? |
| Posted by: Bright Pebbles 2009-10-13 07:06 |