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Report: Los Angeles spent $70 million in stimulus funds to create 7.76 jobs
Report: Los Angeles spent $70 million in stimulus funds to create 7.76 jobs | The Upshot Yahoo! News - Yahoo! News
The $71 million that went to the Department of Public Works, which funded 15 road-surfacing and similar projects, was projected to save or create 238 jobs. But according to the audit, the money created just 7.76 jobs â or slightly more than $10 million per new job â and saved 37.7 (the fractions are a result of calculating the number of jobs by hours worked). The Department of Transportation's $40 million created or retained just nine jobs, the audit found.
Report: Los Angeles spent $70 million in stimulus funds to create 7.76 jobs | The Upshot Yahoo! News - Yahoo! News