Latest Reports from Recovery Act Recipients on Recovery.gov
The independent Recovery Accountability and Transparency Board just posted the latest round of reports from recipients of Recovery Act dollars on Recovery.gov. These reports provide an up-close snapshot of how a portion of Recovery Act spending was put to work creating jobs and driving economic growth last quarter. Thanks to these reports, you can see when certain projects started, where they're taking place and how many people are being directly paid to work on them with Recovery Act dollars.
But when looking at these reports, it's important to know what you are seeing - especially when it comes to the roughly 670,000 jobs recipients reported last quarter as part of this process. 1) New reports only cover about 20 percent of Recovery Act spending-to-date. 2) Recipients are only required to report on the jobs where salaries are being directly paid using Recovery Act dollars -- not the overall job impact of their project. 3) Reports do not include the jobs created or saved from the Education Jobs Bill are not included in these reports.
[DeSeve is Special Advisor to the President for Recovery Implementation.]