Pro Publica reports that the Obama administration will begin posting quarterly job numbers instead of counting the cumulative number of jobs “created or saved” by the stimulus package. Given the massive errors in counting the jobs so far — with a fairly haphazard search, we identified nearly 100,000 jobs “created or saved” that don’t really exist — this development may seem unsurprising.
The new rules came out last month in a little-noticed memo sent to federal agencies by Peter Orszag, director of the Office of Management and Budget. OMB said it changed the guidelines to prevent the kinds of errors and confusion that occurred when the first job counts came out in October.
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