tag:blogger.com,1999:blog-3426800777521979578.post4194640563263705132..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: Debunking more WisGOP job excusesUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3426800777521979578.post-37708900589550689862014-06-27T15:17:29.942-05:002014-06-27T15:17:29.942-05:00You can get historical LFPR's here, showing ho...You can get historical LFPR's <a href="http://www.bls.gov/lau/ststdsadata.txt" rel="nofollow">here</a>, showing how between January 2011 and May 2014 the states you listed changed:<br /><br />LFPRs, January 2011 vs May 2014 <br />Ill. 66.2% -> 65.1%<br />Mich 60.6% -> 60.5% <br />Minn 71.8% -> 70.5%<br />Neb 71.5% -> 71.7%<br />N.D. 72.1% -> 71.1%<br />S.D. 71.6% -> 70.0%<br />Wis. 69.0% -> 68.0% <br /><br />During the same period <a href="http://data.bls.gov/timeseries/LNS11300000" rel="nofollow">nationwide</a> the LFPR moved 64.2% -> 62.8%.<br /><br />I've said before and I'll say again: LFPR is IMHO more a psychological measure than an economic one. People who lose their jobs as a recession starts stick around looking for new ones for a while, so the unemployment rate spikes as jobs are lost. They slowly but eventually give up looking, leading to unemployment rates ticking downwards even if job creation rates are poor.<br /><br />More relevant to economic performance is the employment-population ratio, i.e. your chances as an individual to find yourself with employment, all else being equal.<br /><br />Employment-Population ratios, January 2011 vs May 2014:<br />Ill. 60.0% -> 60.2%<br />Mich 53.9% -> 56.0% <br />Minn 66.8% -> 67.2%<br />Neb 68.3% -> 69.1%<br />N.D. 69.6% -> 69.2%<br />S.D. 68.0% -> 67.3%<br />Wis. 63.7% -> 64.1%<br /><br /><a href="http://data.bls.gov/timeseries/LNS12300000" rel="nofollow">National</a>: 58.4% -> 58.9%.<br /><br />You might also want to divide the <a href="http://www.missourieconomy.org/indicators/cost_of_living/index.stm" rel="nofollow">cost of living index</a> (rebased to 1) into those manufacturing wages to get a purchasing power parity equivalent, since the raw numbers make Wisconsin manufacturing wages look like it's a much closer race for the least financial attractiveness to a trained manufacturing worker than it actually is:<br /><br />Average weekly manufacturing wage, Midwest, Q4 2013, PPP:<br />Ill $1,370<br />Mich $1,360<br />Iowa $1,206<br />Ohio $1,200<br />Ind. $1,200<br />Minn $1,148<br />Wis. $1,099<br /><br />I'd like to know what their emigration rate is like.<br /><br />n.b. Your inflation link is broken: I'm not sure if you intended to use the <a href="http://data.bls.gov/timeseries/CUUR0000SA0" rel="nofollow">national urban CPI</a> or the <a href="http://data.bls.gov/timeseries/CUUR0200SA0" rel="nofollow">Midwest urban CPI</a> for that.GeoffThttps://www.blogger.com/profile/17317722272565026078noreply@blogger.com