14.8 jobs in - 12.5 jobs out = more Walker fail

Well you knew this was coming, didn't you? After last month's suspiciously strong jobs report, we get the inevitable correction this month. A seasonally-adjusted 12,500 private sector jobs went away in July, and the only thing preventing a complete debacle was 4,100 "added" jobs in local government. Even that local gov't "growth" is misleading, because it was really a lower-than-normal July REDUCTION of 27,600 actual jobs. And unemployment went up 0.2% to 7.8% while the national average went down 0.1%.

Worse, the job losses are across the board, as every DWD sector other than government lost jobs. So unlike the summer jobs that resulted in most of June's increase, we got losses all over the place, so it's not just a correction in that area. It is a brutal report, and looks even worse when you recall the U.S. private sector GAINED 154,000 at the same time.

And it also gives you 6 months of the Fitzwalkerstan record to see where we're going. I'm also going to throw in the last 9 months of the Jim Doyle Administration for a fuller Dem vs. GOP-control comparison.

Apr. 2010- July 2010
UE DOWN 0.6%, total private sector jobs +3,800, total jobs -3,900

July 2010- Oct. 2010
UE DOWN 0.1%, private sector +5,400, total jobs +9,200

Oct. 2010- Jan. 2011 (Walker, GOP elected)
UE DOWN 0.4%, private sector +16,900, total jobs +6,000

Jan. 2011- Apr. 2011 (Walker takes over, "drops bomb")
UE DOWN 0.1%, private sector +14,200, total jobs +20,300

Things were definitely clicking in Wisconsin. But then remember that policies usually have a 3-6 month effect before really hitting the market. And now check out the last 3 months.

Apr. 2011- July 2011 (Walker budget passed)
UE UP 0.5% (back to pre-election levels), private sector +3,200 (worst 3 months of all of these periods), total jobs +2,600 (below U.S. trend).

Yeah, UGH! So what did the Koch-suckers at WMC try to give as an excuse for this clear decline under Scotty and co.? Uncertainty due to the recall elections. Are you fucking kidding me?!! I'd say the real reason the economy tanked last month was the absolute certainty that hundreds of thousands of Wisconsinites will lose take-home pay, jobs and business patrons because of the union-busting bill. And it's only going to get worse when the retiring teachers don't come back and local governments cut the hell out of services after being left behind by the state.

But hey, at least we've got a booming stock market to take care of us and our 401 (k)s to replace our pensions. Oh what's that you say? Check the ticker? OH CRAP!

Can't wait to see those unreleased revenue numbers for June and July. Hello? DOR? Come out, come out wherever you are...And can you find the Governor in there as well, since he was hiding a lot these last 2 weeks? Thanks.