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  • October Jobs and Unemployment Numbers for Wisconsin

    Posted by Dan from Madison on November 17th, 2011 (All posts by )

    This is a terribly boring post I am writing so I will put the rest under the fold for those of you who are interested in our job market here in Wisconsin. So, just how is Wisconsin doing under Governor Walker?

    Pretty well, from what I can see.

    Here is the link to the document put out by the Department of Workforce Development. I have never really read one of these before so I found it quite interesting. The reason I found it is because I saw a headline in the Milwaukee Journal Sentinel to a story that said “State Loses 9300 Private Sector Jobs in October“.

    That seemed like a bummer to me so I decided to take a look at the full report, and I was able to get some interesting facts from it:

    While the total jobs number decreased in October, so did the overall unemployment rate.

    Even figuring in the 9300 job loss for the period of September to October, October 2011 versus October 2010 private sector employment increased by 14,500 jobs.

    Wisconsin’s seasonally adjusted unemployment rate is unchanged from October 2010 to October 2011. We are beating the US over all by a considerable margin – 7.7% unemployment vs. 9% (again, seasonally adjusted).

    I look at this as a lot of pretty good news in this economy. A lot of my manufacturer vendors have a new mantra that “flat is the new up” – in other words, companies holding the line are actually gaining market share right now. I think from what I am seeing, this is right. Of course if you just look at the Milwaukee Journal Sentinel’s headline you would think that the Walker administration is a job destroying machine – even though the report issued above says we have an overall job gain over the last year. Big surprise from the MSM. Not.

     

    5 Responses to “October Jobs and Unemployment Numbers for Wisconsin”

    1. Bill Brandt Says:

      It is sad when one has to read the original document and then compare it to the newspaper to see the inaccuracies.

      What do you believe Gov Walker is doing right to foster job growth?

      Cutting down regulations?

      Taxes?

    2. Dan from Madison Says:

      Bill – honest to god I have no clue. I am pretty sure however that we have gleaned quite a bit of business from Illinois. I am glad to hear the news though.

    3. Karen Says:

      they’re hiring at gfaonline.info

    4. Bruno Behrend Says:

      Write an Op-Ed on your analysis. 600-750 words. Send it to all the major papers. Your view needs to be heard.

      Bill,

      He’s signaled that he’s willing to take on the Unions and growth of government. That alone sends the message that WI is open for business.

      Here in Illinois, the message is GTFOofHere unless you are big enough for us to offer incentives (bribes) to stay.

      The big corporate pigs of IL get incentives, while every individual and small business suffers more onerous regulations and pays higher tolls, property and income taxes.

    5. Dan from Madison Says:

      Thanks Bruno.