The Department of Workforce Development (DWD) today released the U.S. Bureau of Labor Statistics (BLS) preliminary employment estimates for the month of September 2020. The data shows that Wisconsin added 23,800 total non-farm and 13,700 private-sector jobs in the month of September. Wisconsin's unemployment rate for September was 5.4 percent, down from August's revised rate of 6.3 percent.The job numbers are nice to see, but are well below what we'd be seeing if unemployment dropped by 0.9% for the month - and to a figure that is less than 2% above where we were in February, before COVID World began. In fact, the household survey (which the unemployment rate is based on) indicates that more than 105,000 Wisconsinites got back to work in September, and more than 82,000 got back into the work force. Which is a major change from where the household survey had us in August.
Ventings from a guy with an unhealthy interest in budgets, policy, the dismal science, life in the Upper Midwest, and brilliant beverages.
Saturday, October 17, 2020
Either Wisconsin is nearly back to normal, or we're down 200,000+ jobs. It can't be both
The final Wisconsin jobs report before the election was an odd one, where the two surveys told very different stories.
Posted by Jake formerly of the LP at 12:02:00 PM
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