Quote:
Originally Posted by Riot
Five straight months of job loss in the state. Massive public sector layoffs. Frantic ad campaign trying to put a positive spin on nothing.
|
^^^^^^^ at least you're consistently clueless
A 12/15/11 press release from the WI Department of Workplace Development
Quote:
|
MADISON – Department of Workforce Development (DWD) today released the Bureau of Labor Statistics(BLS) monthly report showing Wisconsin’s unemployment rate dropped to 7.3 percent from 7.7 percent. October’s job loss number was significantly reduced to 2,400 from the initial estimate of 9,700, a 75 percentcorrection. Secretary Reggie Newson today issued a statement on the newest set of monthly Wisconsin employmentnumbers.“October was the fifth straight month and the eighth month this year in which the federal governmentoverestimated the preliminary job loss numbers or underestimated job gains for Wisconsin,” SecretaryNewson said. “I am particularly concerned by the disparity in the October preliminary numbers, which wereoff by 7,300 for total jobs and 7,900 for private-sector jobs. These unreliable employment statistics out ofWashington misinform the public and create unnecessary anxiety for job seekers and job creators about theshape of our state’s economy.”According to the U.S. Bureau of Labor Statistics (BLS), Wisconsin’s revised numbers show the state lost2,400 jobs in October, roughly a 75 percent correction from their initial estimate of 9,700 jobs. Meanwhile,Wisconsin added 11,000 jobs in June, but BLS initially underestimated that number by roughly 1,500 jobs. “The most troubling thing to me is the effects these initial estimates have on the perception of Wisconsin’s workforce,” continued Secretary Newson. “The monthly revisions show a much steadier trajectory withgains being higher and losses being much lower than the BLS’ initial reports. While there certainly is more progress to be made, we are moving Wisconsin in the right direction and laying the groundwork for the private sector to create jobs.”
|
You do realize WI is tied for 20th among States with the lowest unemployment rates at 7.3% while Kentucky is 40th with 9.4% but in your misguided interpretation that is good as KY receives more unemployment benefits.
You are right in that WI has lost public sector jobs, but those jobs are 100% paid for by the taxpayer so the net loss to the taxpayer is zero and in fact the taxpayer actually makes a profit when it isn't forced to pay for pensions.
Thanks for making an argument Pro-Walker
