MIAMI-DADE: $259 million stimulus created only 209 full-time jobs
Posted by FactReal on September 30, 2010
|MIAMI-DADE 14% UNEMPLOYMENT RATE DESPITE STIMULUS (link):
Excessive spending has not created jobs. Despite an increased federal stimulus for Miami-Dade County, the unemployment rate remains high.
“Miami-Dade government stimulus spending of $284 million clearly hasn’t nudged unemployment.”
“Now the county has spent far more stimulus money and more is pledged. With a staggering 170,900 now jobless in Miami-Dade, a 13.2% rate, the federal commitment is up to $284 million. Excluding short-term jobs for teens and their cost, as we reported [below] county government says it has created 240 jobs at $1.03 million each.”
WHEN THE STIMULUS WAS $254 MILLION, THE COUNTY REPORTED 209 NEW JOBS (link): “The $254 million Miami-Dade has received to date in federal stimulus money has resulted in 209 new jobs for county residents…it amounts to $1.2 million per job.”
|“As all American Recovery and Reinvestment Act projects are automatically included in the program, in March the county also began tracking the estimated jobs generated for recovery act projects. In an effort to collect more data regarding job creation, the county commission compiled information from as far back as last October.”|
|HOW MANY JOBS WERE CREATED BY THE STIMULUS? (link):
$254.8 million stimulus created 209 full-time jobs, plus 3,019 temporary part-time jobs, 8 indirect jobs and 38 contracted jobs: “Miami-Dade’s Office of Capital Improvements estimated the $254 million the county has received in federal stimulus money resulted in 209 new jobs for county residents…”
|● “Without these part-time temporary jobs, the stimulus jobs total would be 240.”
$7.3M for 3,019 part-time temporary jobs = AVG. $2,412 per job.
“The South Florida Regional Workforce Board received $7.3 million from the US Department of Labor to finance Workforce Investment Act Youth Programs. The money was used to expand services to low-income youths ages 14 to 21, set to increase to age 24. Services include employment, academic and vocational training. So far 3,019 people have been put to work, averaging $2,412 per job, nearly 32 times lower than the county average.”
● $6.4M for 53 jobs = avg. $120,751 per job
● $56.2M for 78 jobs = avg. $720,513 per job
● $19.3M for 5 direct jobs + 38 contracted positions =avg. $447,740 per job