Showing posts with label Bureau of Labor Statistics. Show all posts
Showing posts with label Bureau of Labor Statistics. Show all posts

Sunday, December 28, 2014

Wisconsin's Private-Sector Growth Rate Lags Nation

Wisconsin's private-sector growth rate lags nation
A report from the U.S. Bureau of Labor Statistics showed that Wisconsin gained 35,021 private-sector jobs in the 12 months from June 2013 to June 2014, a 1.5% growth rate that ranked the state 32nd among the 50 states. 
The state lagged the national growth rate of 2.3% for private-sector jobs in the period, continuing a trend that had been in place for the three previous years: Wisconsin has trailed the national rate of private-sector job creation since the second quarter of 2011, the data show.

Friday, March 8, 2013

6.35 Million Jobs Added In Last Three Years


Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector businesses added 246,000 jobs in February. Total non-farm payroll employment rose by 236,000 jobs last month. The economy has now added private sector jobs every month for three straight years, and a total of 6.35 million jobs have been added over that period. [source]

Saturday, October 6, 2012

Republicans Angry Economy Improving

As the USA Today reported, regarding Republicans accusations and conspiracies over the latest jobs report:

"Bollocks,"' Wharton School economist Justin Wolfers said. "Once you understand how the numbers are collected and processed, you understand that it's literally impossible to fool with the numbers.''

Manipulating the unemployment rate would require the cooperation of thousands of people -- not to mention violating federal laws.

The unemployment rate is based on a survey of 60,000 households, conducted at the middle of each month because holidays, which can result in short-term hiring or layoffs, are usually at the beginning or end of a month, said Karen Kosanovich, an economist at the U.S. Bureau of Labor Statistics who works on the survey.

About 1,500 Census workers gather the data, and the survey dates back to 1940, Kosanovich said.



Weekend Reading

Foreclosure Inventory Levels Still Declining
GE's Jack Welch Knows About Cooking The Books
Paul Ryan Wants U.S. To Be A Tax Shelter
The Outrageous Attack On The BLS
The Romance Of Start-Up Businesses
Romney Told 27 Myths During The Debate
Wall Street Pay Too High

Sunday, June 3, 2012

Walker's Terrible Job Record

A "great" "debate" is taking place on jsonline over Walker's Jobs Record An Unmitigated Disaster. (Actually, it's the typical uninformed conservatives griping about that which they seem to know little.)

One commenter, Cubcake, has been continually trying to fault the arithmetic in the article. When a professor does an analysis, he/she is just being a devious liberal lying with statistics. But when Scott Walker pulls  preliminary "data" from his rectum, which can't be compared to other states' numbers, this is sound statistical analysis.

Ceomrman2 has the definitive takedown(s), "You can view the total seasonally adjusted non-farm payroll here: http://www.bls.gov/news.release/laus.t05.htm . There were about 2,732,000 jobs in Wisconsin in April of 2012. That is 21,400 fewer than in April, 2011. The numbers you're thinking of (i.e. the ones you linked to in previous posts) are not correct for this discussion. You can't blame a politician for the seasons or the rainfall levels, so numbers must be seasonally adjusted and must exclude farm labor. Yes, of course there are more jobs in summer when high school and college kids are out of school and farms need workers. Try taking a deep breath and thinking to yourself "maybe the guy who has spent decades researching employment trends in the industrial heartland of the United States actually knows what basic economic indicators mean?" Cubcake - the numbers you are referencing are not the correct numbers for this discussion. I can see why you might think they are - the profession's jargon can be unintuitive - but the relevant time series for this discussion is the seasonally adjusted non-farm payroll count. You can view that data here: http://www.bls.gov/news.release/laus.t05.htm. You can feel free to disagree with Prof. Levine, but he does understand his basic economics measurements."

The cognitive dissonance of Republicans is breathtaking. No matter the reality (comparative stats, criminal investigations, lying to Congress, stalling investigations, crony capitalism, or dividing and conquering for big-money donors), whatever Walker says or does is correct in the eyes of his followers. This mindset is now de facto for conservatives. Nothing oppositional can penetrate their worldview. Close-mindedness and a penchant for sloppy analysis are not the prerequisites we should want for those supposedly involved in shaping public policy.

WOW! This recall election is big! Vote Tom Barret, Mahlon Mitchell June 5th!

Tuesday, February 21, 2012