1. Jobs up 248,000 total in September, 236,000 private sector. July and August also revised up.
The change in total nonfarm payroll employment for July was revised from +212,000 to +243,000, and the change for August was revised from +142,000 to +180,000. With these revisions, employment gains in July and August combined were 69,000 more than previously reported.So that means 317,000 more jobs than we had listed last month.
2. Unemployment rate drops from 6.1% to 5.9%, first time we've been below 6% since July 2008, and down 1.3% in the last 12 months. Given that this is the last jobs report before the 2014 elections, this seems noteworthy to bring up. Doesn't seem like Obamacare was exactly a "job-killer" was it?
3. The upward revisions in July and August also means the Walker jobs gap in Wisconsin grows yet again, now over 74,300 in the private sector, and more than 57,000 overall. It also means that we need around 4,500 jobs in September just to keep up with the rest of the country.
So when you hear Walker trying to spin the "Wisconsin Comeback", know that he's really saying "THANKS OBAMA!" The national economic recovery is the only reason we've created any jobs in Wisconsin, and we should be adding a whole lot more than we have.
There has been one time in Walker's tenure as governor that Wisconsin has exceeded the nation's 12-month rolling average private sector CES job growth rate: in January 2011, which was dominated by Doyle's tenure for 50 1/2 weeks of the period.
ReplyDeleteWe started lagging after that, our deficit going to 0.8 points by the end of Walker's first year and, save some month-to-month variations, staying around there ever since.
Jan 2003 - Jan 2011, Wisconsin's average lag was 0.16%/year. Jan 2011 - August 2014, Wisconsin's average lag is 0.83%/year (about 20,000 jobs/year). Our lag in population growth is between those figures for both periods.
And let's not leave population growth out of this equation , as a better quality of life and economic situation would attract more people to Wisconsin than drive them away, like we're seeing now.
DeleteIt's very easy to point out this gap and say that Walker policies have cost us jobs in Wisconsin, and will continue to do so.
Wisconsin's adult population growth lag from the states was greater than the jobs lag during Doyle's time and less than the jobs lag during Walker's time, i.e. the jobs per capita improved vs the nation during Doyle's time and degraded during Walker's.
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