Saturday, September 17, 2011

The Walker Budget Is Already Working! Part XVI

The full impact of the Walker budget has yet to be felt, but the harbingers are not looking good:
Wisconsin's unemployment rate rose slightly in August, with the state losing a net 800 private sector jobs last month.

The state's seasonally adjusted unemployment rate increased to 7.9 percent in August, up from 7.8 percent in July, according to figures released Thursday by the U.S. Bureau of Labor Statistics.

The unemployment rate in January -- when Gov. Scott Walker took office with a vow to create 250,000 new jobs during his first term -- was 7.4 percent.


But job growth has slowed since, leaving Walker behind the pace needed to reach his target of 250,000 private sector jobs.

Wisconsin has added 29,600 private sector jobs this year. At the current pace, Wisconsin will add 133,200 private sector jobs by the end of Walker's four-year term.
That number by the way, is almost half the number of new jobs that experts were predicting if Walker did absolutely nothing.

In other words, Walker's budget IS worse than nothing.

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