The gross domestic product (GDP) grew 3.5 percent in the third quarter of this year. With that, the economic recession is “officially” over.
Try telling that to the 15.1 million Americans who are officially unemployed. Or to the nine million Americans who are involuntary part-time workers.
And don’t even think about spreading the, er, good news to the 2.2 million Americans who have grown tired of looking and are “marginally attached to the labor force.”
Today, state reports on the number of jobs created or saved by the American Recovery and Reinvestment Act will be posted to Recovery.gov.
But with tens of thousands of reports posted, data are still missing about whether the more than $160 billion in stimulus funds awarded to the states are being used to help those most in need.
Tech Insider reports:
Recovery.gov on Friday will sport a few improvements and a lot more offerings, but perhaps one piece of valuable information will be missing: the demographics of the people receiving money.
The Web site, a clearinghouse of results from the $787 billion stimulus effort, will release all reports collected through Oct. 20 from aid recipients, adding to data about federal contract recipients that came out Oct. 15. However, none of the information on job creation, project status or funding amounts will tell users whether the recovery is benefiting segments of the population suffering the most -- reportedly Blacks, Hispanics and men. Federal reporting requirements do not cover such criteria.
Trick or treat?