This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

New Data Shows 1.5 Percent Job Growth In Wisconsin

SCOTT BAUER

MADISON, Wis. (AP) â¿¿ Gov. Scott Walker's administration issued a pair of reports Thursday that gave seemingly conflicting views of Wisconsin's economy, with one showing job growth over the past year and the other reporting steep losses in October.

The more positive news came from a quarterly jobs report based on a survey of 96 percent of Wisconsin businesses. The more negative data came from a monthly report that's based on a survey of just 3.5 percent of businesses and subject to significant revisions in the months ahead.

The quarterly report covers April through June. It shows the state added 35,379 private sector jobs between June 2011 and this past June, for a growth rate of 1.5 percent. Government jobs increased by a little over 2,100 during the same period.

The other monthly report, based on the smaller survey sample, showed the state lost 6,000 private sector jobs and 1,500 government jobs in October. The unemployment rate, which is based on yet another survey of just 1,450 households, dropped from 7.3 percent in September to 6.9 percent in October.

Walker has placed greater emphasis on the quarterly report, which economists have also said is a more accurate reflection of how many people are employed in the state.

Based on the monthly data, the state lost 13,700 jobs between June 2011 and this June. The quarterly data shows a swing of more than 49,000 jobs during that same 12-month period.

Walker drew heat in May when he released the quarterly data for the first time before it had been vetted by the U.S. Bureau of Labor Statistics. He did it just weeks before he stood for a recall election and his Democratic opponent Milwaukee Mayor Tom Barrett accused him of cooking the books to help his re-election efforts.

But when BLS released the final numbers, there were nearly identical to the preliminary figures Walker had put out.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs