Saturday, May 21, 2016

Walker's Wisconsin takes Private Sector Jobs Hit.

You'd think after Act 10, right-to-work, zero taxes for agriculture and manufacturing, and about $50 in average middle class tax cuts, businesses would be rushing into Wisconsin on the say-so of Chief Executive magazine’s annual “Best State for Business” survey of CEOs. Guess not...
Wisconsin's three-month run of job growth was halted in April by the largest one-month loss in jobs in nearly seven years. The state lost 11,500 private-sector jobs in April, 0.5 percent of the workforce, according to preliminary, seasonally adjusted estimates by the Bureau of Labor Statistics.

If the figures stand up to revisions, it will be the state's biggest monthly jobs drop since July 2009, during the Great RecessionIn April, Wisconsin lost 4,200 manufacturing jobs, 0.9 percent of the total for the state's largest job sector, to return to a flat level of growth since last October.

Scott Walker, like all the other GOP governors, don't mind being willing dupes of big business CEO's who keep making promises they don't intend to keep. And they're laughing all the way to the bank. Every year Chief Executive magazine praises Walker's Wisconsin, and every year nothing happens.

And it's crazy too, because Walker continues to focus on manufacturing, instead of diversifying the state economic options.

Note: Economist John Koskinen just gave us a little insight into one of Walker's biggest bragging points, that the labor participation rate is higher here than it is for the rest of the country. Hint: labor is leaving the state... 
One of the things that contributes to this increase is that Wisconsin has a fairly low population growth which gives us stronger per capita GDP growth than the rest of the country, “Since 2010, that’s what’s been happening,” Koskinen said.

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