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North Carolina government says federal stimulus money sent directly to state agencies has saved or created at least more than 24,000 jobs so far.
The North Carolina Office of Economic Recovery and Investment began rolling out numbers late Wednesday on how the federal money received has been spent to date. State agencies had a deadline last weekend to report to Washington on the use of recovery dollars.
Sizeable amounts of money have been used so far to fill revenue gaps in the state budget, contract for 110 highway projects and provide supplemental funds to local school districts.
The state recovery office said more than 19,000 of the jobs were saved or created, thanks to more than $1 billion set aside in the budget for the public schools and Medicaid.
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By hal papan on 10/15 06:22 AM
So it cost about $50K per job ($1 billion/20Kjobs). And The United States lost 216,000 jobs in August, the department said earlier this month, down from 276,000 in July. Employers have eliminated 6.9 million jobs since the recession began in December 2007.
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