More than 8,600 New Mexico teachers, construction workers and police officers kept their jobs or found new employment thanks to the federal stimulus package, Kate Nash of the Santa Fe New Mexican reports today.
Nash is drawing form a just-released quarterly report by the state Office of Recovery and Reinvestment.
Nash writes:
The Office of Recovery and Reinvestment’s first quarterly report showed that for $77 million in spending through Sept. 30, 8,641 people had at least part-time work, which translated into about 4,100 full-time equivalent jobs, based on a federal formula for job creation that considers how many hours a person worked.
New Mexico is expected to receive more than $3.2 billion from the U.S. Recovery and Reinvestment Act, with about $2.1 billion flowing through state government, according to the quarterly report. As of Sept. 30, $370 million of that $2.1 billion had been spent, plus additional millions of dollars in Pell Grants to students in colleges and universities, the report says.
The rest of the $3.2 billion flows from the federal government to local entities such as cities, towns, and tribes or will be spent directly by federal agencies on projects in New Mexico.