More Than 4,800 New Jobs Created in New Mexico in Less than a Month from Stimulus, According to Obama Administration Data
Print This Post
The number of jobs created in New Mexico has exploded 1,200% in less than a month, according to data on the Obama Administration’s recovery.gov website, which tracks stimulus spending and claimed impacts. On October 21, 2009, New Mexico Watchdog reported that the www.recovery.gov website was claiming that only 419.02 jobs had been created from the expenditure of $263,559,000. As of October 30, 2009, the recovery.gov site is claiming that 5,241.94 jobs have been created. In other words, the Obama administration is claiming that in less than a month, more than 4,800 New Mexicans have reportedly been hired into new jobs created as the result of additional stimulus spending. That spending in New Mexico, according to recovery.gov, has now reached $1.645 billion.
The cost of these claimed new jobs comes to almost $314,000 each.
The Associated Press, CBS News, and the Boston Globe have found that the Obama Administration’s job creation claims have been wildly exaggerated or blatantly false. A summary of those reports is provided by Watchdog.org here.
New Mexico’s seasonally adjusted unemployment for September, according to the U.S. Department of Labor, stood at 7.7%, up from 7.4% in August, and 4.4% a year earlier. The Bureau of Labor Statistics reports that the national unemployment rate rose to 10.2% in October.
Posted under News.
Tags: Scarantino, stimulus, unemployment
6 Comments For This Post So Far
Trackbacks
-
Obama Administration Reports Jobs Saved by Stimulus In NM’s 22nd Congressional District, And That’s Not the Only Whopper
[...] comes on the heels of our report this morning that the Obama Administration claims to have created or saved over 4,800 New Mexico jobs in the [...]
-
Administration: Stimulus Creates Jobs in Non-Existant Congressional Districts
[...] comes on the heels of our report this morning that the Obama Administration claims to have created or saved over 4,800 New Mexico jobs in the [...]
-
Latest Stimulus Results for New Mexico: Fewer Jobs, $484,505 Per Job
[...] recovery.gov reported 5,242.94 jobs created or saved from awards totaling $1.645 billion. As we reported, Those jobs came at the cost of $314,000 [...]
-
Latest Stimulus Results for New Mexico: Fewer Jobs, $484,505 Per Job
[...] reported 5,242.94 jobs created or saved in New Mexico from awards totaling $1.645 billion. As we reported, those jobs came at the cost of $314,000 [...]
-
Stimulus Creates Few New Jobs In NM
[...] More than 4,800 Jobs Created in New Mexico in Less than a Month, According to Obama Administration [...]
11:16 am on November 17th, 2009
Do you believe in the job fairy? He visited your state as he has our’s.(Iowa)
I think he forgot to leave his gift’s!! LOL