Wisconsin loses 12,500 private-sector jobs in July
Mike De Sisti
Weldall Manufacturing Inc. welder Josh Katcha on Thursday grinds steel parts that will be used in mining equipment at the metal fabricating company in Waukesha. Gov. Scott Walker made an appearance at the company Thursday.
Walker blames turmoil in economy, uncertainty created by recall elections
Wisconsin lost 12,500 private-sector jobs last month in the deepest single-month decline since the depths of the 2008-'09 recession, effectively annulling most of the previous month's gains.
Gov. Scott Walker, who last month credited his administration's business-friendly policies for big job gains in June, attributed the July job losses to turmoil in the national and international economy as well as to uncertainty created by the state's special recall elections.
Asked whether he should be held accountable for July's decline as long as he also wants credit for June's gain, Walker responded by describing what he called "incredible uncertainty both at the federal level - in terms of the debt ceiling and all the tension of that, and the negative impact that had on the economy - combined with July and August, when you saw the height of the recall commercials. And I think for a lot of employers we talked to, that created a high level of uncertainty, not knowing what was going to come next."
Walker spoke in Waukesha on Thursday at Weldall Manufacturing Inc., which received state and local incentives to boost investment and expansion in the metals fabricator. Weldall, which had 110 employees as of Sept. 10, today has 239, with plans to hire another 40 or 50.
"In the first six months, the policies we put in place helped create certainty in the state," Walker said.
According to the latest data from the state Department of Workforce Development, the state's unemployment rate rose to 7.8% in July from 7.6% in June, even as the national unemployment rate improved to 9.1% from 9.2%.
The loss of 12,500 private-sector jobs last month represented the biggest decline since April 2009, when the state lost 22,900 jobs in the aftermath of the subprime mortgage meltdown and the collapse of Wall Street financial institutions.
Full Story: http://www.jsonline.com/business/128016853.html
Gov. Scott Walker, who last month credited his administration's business-friendly policies for big job gains in June, attributed the July job losses to turmoil in the national and international economy as well as to uncertainty created by the state's special recall elections.
Asked whether he should be held accountable for July's decline as long as he also wants credit for June's gain, Walker responded by describing what he called "incredible uncertainty both at the federal level - in terms of the debt ceiling and all the tension of that, and the negative impact that had on the economy - combined with July and August, when you saw the height of the recall commercials. And I think for a lot of employers we talked to, that created a high level of uncertainty, not knowing what was going to come next."
Walker spoke in Waukesha on Thursday at Weldall Manufacturing Inc., which received state and local incentives to boost investment and expansion in the metals fabricator. Weldall, which had 110 employees as of Sept. 10, today has 239, with plans to hire another 40 or 50.
"In the first six months, the policies we put in place helped create certainty in the state," Walker said.
According to the latest data from the state Department of Workforce Development, the state's unemployment rate rose to 7.8% in July from 7.6% in June, even as the national unemployment rate improved to 9.1% from 9.2%.
The loss of 12,500 private-sector jobs last month represented the biggest decline since April 2009, when the state lost 22,900 jobs in the aftermath of the subprime mortgage meltdown and the collapse of Wall Street financial institutions.
Full Story: http://www.jsonline.com/business/128016853.html
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