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Monday, December 20, 2010

State Loses 4,800 Private Sector Jobs in November

The Janesville Gazette headlines the news under State Briefs as "Unemployment rate drops to 7.6%."
JS Online
Corroborating the trend, Wisconsin lost 4,800 private-sector jobs in November, according to a report released Thursday by the state Department of Workforce Development.

Including jobs shed by state and federal government agencies, Wisconsin lost 5,200 nonfarm jobs last month. The agency adjusted the data to strip out seasonal fluctuations caused by weather and holidays.

At the same time, the agency reported that the state's unemployment rate dipped to 7.6% in November from 7.8% a month earlier.
Best explanation yet - "5,200 jobs lost, 2,600 manufacturing jobs gained = 2,600 jobs lost. But if we're shedding 3,400 a month from unemployment comp rolls because of expiring benefits, we have 800 fewer reported "unemployed" for .2 uptick in employment ;-) Numbers not accurate, example only."

Two Days Later: "Jobs Outlook Brightening"

Poverty Up By 10% In Most Counties, and it's only going to get worse.

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