For those of you who are into symmetry:
A lot has been talked about jobs under Walker on this blog by the incomparable Capper, but for those of you who are more visual than verbal, this is the trend.
Note how the jobs were going up until July. For those of you who know anything about business, any time a business puts on a new employee, the decision making process can take months, especially in this economy.
Many, including the Milwaukee Journal Sentinel, have credited the increase in jobs since January. But only the most doofus partisan would credit Walker with raising his right and for a spike in job creation. Bet even his cheerleaders in the WMC would not be so ill-informed.
Hiring is not a snap decision and its based on a level of customers coming through the doors or orders being booked that tells a manager, it is time to expand the workforce. The process can take many months. Sadly, the decision to let people go is much faster.
And this is what we are seeing here. An abrupt drop off in employment in Wisconsin. Sure our unemployment percentage has dropped, but that's because the number of people have dropped out of the job market.
Most importantly, that drop-off coincides nicely with when Walker and the state GOP's made-to-ALEC order economic policies kicked in. Looks like drastically cutting public employee taken home pay by demanding the "contributions" to pensions and benefits has led to fewer dinners out and trips to the hair salon, creating a ripple effect though the economy.
People are already upset with the over reach, a million of them at least as evidenced by the ton and a half of petitions dropped off at the GAB on Tuesday. Should this keep up, and we hope it is not true, this continual bad economic news is going to add two more people to the ranks of the unemployed -- Walker and Kleeefisch.
"credit Walker with raising his right and" -(hand?)
ReplyDelete"Should this keep up, and we hope it is not true, this continual bad economic news is going to add two more people to the ranks of the unemployed -- Walker and Kleeefisch."
Dunno about you, Keith, but *I* hope it *is* true those two will lose their jobs.
I just also hope it's in time to save Wisconsin from utter ruination, since they seem set on causing it.
The sad part is, a similar lag will likely exist for at least another 6 months AFTER Walker is recalled before things would start turning around. And though the Senate may switch hands, the Assembly will remain in (R) control at LEAST through next year, so it will not be easy to right the wrongs.
ReplyDeletejimspice: Always harder to build back up than it was to tear down. There's a verse on the topic.
ReplyDelete____________________________________
I've made a tinylink to the chart above, for ease of reference:
http://tinyurl.com/wi-jobs-2011