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View Diary: Even the Chamber of Commerce knows Scott Walker is failing Wisconsin's economy (32 comments)

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  •  What was the unemployment rate (2+ / 0-)
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    elwior, Sark Svemes

    when Scott got elected? What is it now?

    •  I caution against paying too much attention (3+ / 0-)

      To the headline unemployment rate.  The reason being that it can go up for good reasons (formerly discouraged workers figuring that the job market has improved so they start submitting resumes again) as well as the obvious bad one.

      But to answer your question, in December 2010 Wisconsin's unemployment rate was 7.8% and the latest preliminary data (for March 2013) shows it at 7.1%, so a drop of 0.7 percentage points.

      Over the same period the national rate dropped from 9.3% to 7.6%, a drop of 1.7 percentage points.

      If you go back to the link for Wisconsin's unemployment rate you'll also see the size of the labor force shown.  You'll also notice that it has dropped since Walker came to power: if it had stayed constant, the unemployment rate would be 7.3%.  However, it is not reasonable to presume that the size of the labor force should be constant: it should be expected to grow with the population.  However, in Wisconsin's case the labor force:population ratio declined from 68.9% to 68.0% under Walker.

      While the Wisconsin labor force should be 3,102,872 strong if we'd stayed at the same level, in fact only 3,060,438 are currently there.  So if people hadn't avoided joining the labor force/hadn't become discouraged and left it, the Wisconsin unemployment rate today would be 8.4%, up 0.6%.

      Fake candidates nominated by the GOP for the recalls: 6 out of 7. Fake signatures on the recall petitions: 4 out of 1,860,283.

      by GeoffT on Mon May 06, 2013 at 03:21:52 PM PDT

      [ Parent ]

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