Wednesday, August 31, 2011

Only Half-Stimulated

This is not a surprise.

Hiring isn’t the same as net job creation. In our survey, just 42.1 percent of the workers hired at ARRA-receiving organizations after January 31, 2009, were unemployed at the time they were hired (Appendix C). More were hired directly from other organizations (47.3 percent of post-ARRA workers), while a handful came from school (6.5 percent) or from outside the labor force (4.1 percent)(Figure 2). Thus, there was an almost even split between “job creating” and “job switching.”  --Zippers quoting Mercatus Center

There are 1,000 'reasons' to NOT hire someone.

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