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Number of jobs Calculation

For the second reporting period which covers October 1, 2009 through December 31, 2009, jobs created/retained will be reported on a quarterly, rather than cumulative, basis. Thus on the second period 1512 reporting submissions jobs created are not to be cumulative from one quarter to the next over the life of the Recovery Act and totals for will only reflect that quarters total using a Full Time Equivalent (FTE) formula as directed by the Office of Management & Budget (OMB). The Formula is:

Total hours worked for the reporting quarter

Divided by 520 (total hours of work in a full-time schedule, per quarter)

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