The number of jobs reported by Recovery Act recipients are known as FTE's, or Full-Time Equivalents.

Recipients calculate the number of jobs created or saved by taking the total number of Recovery Act funded hours worked in a quarter, and dividing it by the number of hours of a full-time schedule in a quarter as defined by the Recipient.

• If a full-time schedule is 40 hours a week, multiply 40 hours  x 52 weeks = 2,080 Total Hours per year
• Divide 2,080 Total Hours by 4 to equal 520 quarterly hours.

Example:

If two full-time employees each worked 520 hours (1,040 hours) for the quarter and another half-time employee worked 260 hours, the Total Hours for the three employees is 1300 (520 + 520 + 260 = 1300) . Divide 1300 by 520 to equal 2.5 FTE's, which are considered jobs created or saved. These hours must have been funded by the Recovery Act.