Place of Residence Data: Wisconsin's labor force participation rate in August was 66.5, 4.8 percentage points higher than the national rate of 61.7 percent. Wisconsin's unemployment rate in August was 3.9 percent, while the national unemployment rate was 5.2 percent in the same month.10,400 jobs lost? UGH! It was especially surprising coming after several months of job gains in the state, including 16,500 jobs added in July. Which almost makes me wonder if both reports exaggerated ups and down in a time when there were small gains over both of those months.
Place of Work Data: Wisconsin lost 8,200 private-sector and 10,400 total non-farm jobs in August 2021.
That said, I can believe that this guy may not have been able to find workers at wages he was used to. But it's not Dem policies that are causing more Wisconsinites to leave jobs for a variety of reasons, or why they have yet to be replaced. Heck, we haven't had a raise in the minimum wage despite the fact that almost all entry-level job openings are (publicly) asking for $12-$15 an hour. I think the COVID World and its disruptions have changed the game, less in the sense of businesses closing, but more because a lot of people aren't willing to put themselves at risk with certain jobs - at least not at the low pay that they accepted before. Something different has happened in 2021 as we first came out of the COVID Winter, and then COVID resurged and in-person school resumed later in the Summer. And it especially was odd in August. Maybe Wisconsin's job loss is a statistical blip that gets reversed with gains in September, or maybe labor market conditions are drastically changing as school begins and weather cools. If it's the latter, we may need to resume a "relief/support" mode of economic policy, instead of thinking things are going to work themselves out and staying away from active measures and aid.
A DeForest restaurant that received nearly a half-million dollars in relief funding closed Monday with the owner leaving a note on the door blaming Evers and Biden. But the owner said Thurs the real reason was because the lease was up. https://t.co/HbTECVz9e4 via @samarakalk— Molly Beck (@MollyBeck) September 16, 2021