Sunday, March 5, 2017

This week's March Madness- a flurry of jobs reports

I may be south of the border right now, but that doesn't mean I'm away from things (and our president*'s meltdowns as the heat closes in). But you need to be ready to step up this week, because there is plenty of economic data coming out that may shape things.

A big one is the release of the "gold standard" Quarterly Census on Emploment and Wages , which comes out on Tuesday. The Walker administration tried to pre-empt the report by releasing figures showing healthy gains in wages between Sept 2015 and Sept 2016. But that hasn't translated into significantly higher tax revenues, and all those blue-collars who voted for Trump sure didn't think things were going well, so I want to dig further into those wage numbers in-between tropical drinks.

Chris Walker at Political Heat notes that the jobs part of that pre-release sucks, with job growth barely over 1.0%, and continuing the trend of slower growth in Fitzwalkerstan. Let's look and see how that measures up to our Midwestern neighbors, and how badly it'll lag the east of the country (which it will).

Thursday features the state's January Wisconsin jobs report. In addition to seeing if we kept up with the strong US jobs report to begin 2017, January's report is always intriguing because the prior reports of 2016 are benchmarked, which means there could be sizable revisions to what was originally reported. And those could be some bad revisions for Wisconsin, since the Walker Admin's pre-release indicated job growth was more than 11,000 below the original DWD estimates. This week's March Madness

Lastly, Friday is the release of the U.S. jobs report for February. This will be the first jobs survey given since Donald Trump's inauguration, and the first since most people figured out that these guys didn't have a clue about what they were doing, and weren't going to "pivot" toward decency and fact-based policy.

So keep your eyes peeled for those figures, and ready to counter the inevitable GOP lies and spin that will inevitably follow.

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