tag:blogger.com,1999:blog-3426800777521979578.post7029237315041675610..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: A good June jobs report makes it a mediocre quarterUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3426800777521979578.post-38697580533832588612013-07-19T03:52:09.384-05:002013-07-19T03:52:09.384-05:00Did you see that the DWD have started to highlight...Did you see that the DWD have started to highlight in red which changes are statistically significant, which is nice of them. The 1,500 extra manufacturing jobs did not receive this adornment.<br /><br />If you look at the seasonally-adjusted private sector job gains of the last 12 months there's a total of 24,600 new ones. Of these, 18,000 are in the Leisure & Hospitality sector.<br /><br />While CES indicates a 0.9% total annual job growth rate the 0.2% real year-on-year growth in withholding tax receipts for June suggests a notable drop in average real wages, which lends weight to the idea that we're seeing extra seasonal jobs here vs last year, not permanent ones.<br /><br />Having said that, the seasonally unadjusted Jan-Feb minimum of Leisure & Hospitality jobs was about 10,000 higher than 2012, in line with the sector growth of the annual national minimum.GeoffThttps://www.blogger.com/profile/17317722272565026078noreply@blogger.com