fson breaks down the numbers: Citing the State Department final environmental impact statement, the lawmakers say the project would create 42,000 jobs. But it takes the economy less than a week to create that many permanent jobs. What’s more, these pipeline jobs wouldn’t be permanent. The State Department report uses the notion of “job years.” So the project, which is expected to take two years to build, requires 3,900 job years for the construction workforce, or 1,950 jobs that last over a two-year period. Another 26,000 jobs (or 13,000 over two years) would go to suppliers of goods and services. Once the project is completed, operations would require 35 permanent employees and 15 temporary contractors, the State Department report says. These numbers are worth breaking out. So far this year, the economy has added 229,000 jobs per month on average. If you look at the numbers weekly, the economy has added nearly 50,000 jobs for each of 2014s 46 weeks. Mufsons point: Even if the 42,000 figure were hard, fast, and long-term, the effect on the national economy would still be modest. But that figure isnt hard, fast, or long-term.
Posted on: Wed, 19 Nov 2014 01:28:34 +0000
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