Just because the revised the job losses downward, it does not mean jobs were added.#5 | Posted by 726
If unemployment went down and job loses went down what conclusion do you draw?
WISCONSIN DECEMBER UNEMPLOYMENT RATE DROPS TO 7.1 PERCENT
U.S. Bureau of Labor Statistics data show 21,400 more residents working since December â10
MADISON â" The Department of Workforce Development (DWD) today released the U.S. Bureau of Labor Statistics (BLS) preliminary data for December, showing Wisconsinâs unemployment rate dropped to 7.1 percent from 7.3 percent in November and 7.5 percent in December 2010, as the number of Wisconsinites working increased by 6,900 over the month and by 21,400 since December 2010.
âOur unemployment rate continues to decline and more Wisconsinites are working,â Secretary Reggie Newson said. Challenges remain, but the latest data show we finished 2011 with more Wisconsinites working, record postings of over 151,500 on JobCenterofWisconsin.com, and higher state sales and withholding tax collections over the year, all of which point to economic growth for our state.â
The monthly estimated nonfarm employment was revised upward for the month of November for both total and private-sector jobs. The revised numbers for November show a net 13,600 total nonfarm loss and 10,600 for private sector loss, out of a total nonfarm employment base of 2.74 million jobs:
Estimated change in employment, in thousands
Total Nonfarm Private
Month / Nonfarm Final / Private Final / Total
January 2011 / +1,500 / +1,200 / +2,700
February 2011 / +3,000 / - (600) / + 2,400
March 2011 / - (1,400) / - (2,200) / -(3,600)
April 2011 / +1,200 / +600 / +1,800
May 2011 / - (200) / +0 / -(200)
June 2011 / +1,500 / +1,900 / + 3,400
July 2011 / +1,800 / +1,700 / + 3,500
August / +1,800 / +600 / + 2,400
September 2011 / +1,400 / +100 / +1,500
October 2011 / +7,300 / +7,900 / +15,200
November 2011 / +1,000 / +1,100 / + 2,100
Total Nonfarm and Private 31,200 jobs created
dwd.wisconsin.gov
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