I should have put this in the humor forum! This is kinda funny. We lost over a million jobs but saved or created 100,000! Even if I do the math it doesn't look that good!
Let the rules begin!
Attention workers: If you're getting federal stimulus money, stand up and prepare to be counted. And no cheating.
The Obama administration issued its long-awaited rules for tallying jobs Monday and warned that local politicians trying to inflate their numbers would surely be caught.
As part of the $787 billion stimulus law, governors, mayors and contractors must begin reporting job numbers to the federal government in October. The data collected could provide the most accurate count of workers employed by stimulus money, a number that is expected to be far more precise than the murky and unverifiable promise that 3.5 million jobs will be created by the end of next year.
But for months, there has been confusion over what the rules would be. What's a created job? A saved job? Could a construction worker be counted twice if he worked two part-time contracts? On highway jobs, do you count just the laborers, or also the extra wait staff at the nearby lunch spot?
Under the rules released Monday, the White House told governors, mayors and contractors to keep it simple.
"Just count the people being paid out of Recovery Act dollars," said Rob Nabors, deputy director at the White House budget office.
To avoid double-counting, a job means a full-time, full-year job. So a student working a 9-to-5 job for his three-month summer vacation will be counted as one-fourth of a job. The part-time teacher who works all year is half a job. And the full-time highway contractor who works all year is one job.
Since Obama signed the stimulus bill, the nation has shed more than 1.6 million jobs. The president says the stimulus has created or saved 150,000 jobs, but White House advisers acknowledge the estimate is based on a formula that was never intended to count jobs.