$2 million per job:
DPW has received $70.65 million and created or retained 45.46 jobs, though they are expected to create 238 jobs overall (the fraction of a job created or retained correlates to the number of actual hours works). LADOT has been awarded $40.8 million and created or retained 9 jobs, though they are expected to create 26 jobs overall. Overall, the Departments have received $111 million in federal stimulus funds out of the $594 million the City has been awarded so far and created or retained 54.46 jobs.
I’m disappointed that we’ve only created or retained 55 jobs after receiving $111 million in ARRA funds.
At that price, one wonders what these jobs involve. NFL quarterbacking? Jobs programs don’t work. They’d be better off just cutting a direct check to people.