Thursday, June 18, 2009

Wisconsin’s Continued Job Losses

Seems like a great time to punish Wisconsin’s business.

Wisconsin employers cut 133,800 jobs in the last 12 months, the biggest one-year setback ever and, in percentage terms, the deepest dip in more than 50 years.

Preliminary payroll data released Thursday from the Wisconsin Department of Workforce Development show the state with fewer jobs last month than it had in May 1999.

Year-to-year job losses were widespread, touching every major private-sector industry except educational and health services.

Manufacturers led all industries, with a cut of 61,500 jobs, or 12.4%, since May 2008.

“One disturbing trend,” Russ Kashian, an economist at the University of Wisconsin-Whitewater, said of the manufacturing decline. Since a May peak in 1998, factory jobs have dropped by 159,900, or 27%.

Kashian also noted that the public sector had a net gain of jobs in the last year, although government furloughs will result in less disposable income for those workers.

The state report Thursday also included estimates from household surveys, raising the state’s unemployment rate to 8.7% from 4.2% in May 2008, before adjusting for seasonal fluctuations. Wisconsin’s unemployment rate remained below the U.S. rate of 9.1%, unadjusted.

The adjusted rate for Wisconsin rose to 8.9% in May from 8.6% in April. The U.S. seasonally adjusted rate was 9.4% in May.

(7) Comments
Posted by Owen at 2105 hrs
Economy + Politics + Politics - Wisconsin

  1. Choo choo ...

    :zzdeadhorse:

    Posted by hsgbdmama on June 18, 2009 at 2137 hrs


  2. Manufacturing down 27%?

    I would have thought it to be lower than that. This stupid state cannot kill manufacturing jobs effectively in spite of itself, and with job killing Jimbo on the throne.

    While manufacturing job loss is probably a national trend as well, everyone wants to abandon manufacturing jobs for biotech (soon to be replaced by the more trendy and less likely to succeed “green” jobs. Nobody, not even Michigan, wanted to be the manufacturing capitol of the US. Everyone got their wish.

    Posted by .(JavaScript must be enabled to view this email address) on June 18, 2009 at 2228 hrs


  3. This incredible destruction of the economy under Doyle and the liberals will take decades to right.  The tax increases, the new welfare programs etc. drive Wisconsin further down the hole every day. The actual budget deficit, counting federal money is over 11 billion dollars this year and sinking.
      Only 7% of the population in this state makes any real money and according to Ed Howe they are leaving while the welfare people, attracted by the welfare climate are moving in.  45,000 good people out and 145,000 tax eaters moving in.
        I am going to establish residence down in Florida and get out of this tax climate.  It will save me 20,000 yearly in the future.

    Posted by .(JavaScript must be enabled to view this email address) on June 19, 2009 at 1126 hrs


  4. Hey, wait! I gotta idea! Raise taxes even more!
    Sorry, I was having a Doyle moment.

    Don’t blame me…I voted for Mark Green.

    Posted by .(JavaScript must be enabled to view this email address) on June 19, 2009 at 1217 hrs


  5. Hey Dohnal…be glad you are so succesfull! Florida’s not too bad (in winter anyway).

    Notwithsatnding, can my new business be re-registered in Florida since I already have a Wisconsin EIN?

    Plug Alert! See www.Lake-Tek-LLC.com

    Posted by .(JavaScript must be enabled to view this email address) on June 19, 2009 at 1223 hrs


  6. Jeeesh…can’t even type my own website correctly


    www.LakeTek-LLC.com or www.DockTorpedo.com

    So, how long before I have to bail Wistaxsin?

    Posted by .(JavaScript must be enabled to view this email address) on June 19, 2009 at 1231 hrs


  7. The tax increases, the new welfare programs etc. drive Wisconsin further down the hole every day. The actual budget deficit, counting federal money is over 11 billion dollars this year and sinking.

    Posted by Registered Nurse Jobs on June 24, 2009 at 0239 hrs


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