JOBS, UNEMPLOYMENT, AND SPIN

The Jobs Numbers Gambit

http://www.maciverinstitute.com/2012/05/the-jobs-number-gambit/

MacIver Institute – James Wigderson – 5/7/2012

According to a recent poll by Marquette University Law School, the number one issue on everyone's mind is jobs. Among Democrats, 46% said new job creation was their number one issue. Restoring collective bargaining privileges for state employees was only the top issue for 12%.

Under President Obama, national unemployment is at 8.1%, well above Wisconsin's rate. Of course, the numbers are even worse nationally if labor participation rates are taken into account. According to the Washington Post, if the same percentage of adults were participating in the available workforce as when Obama took office, the national unemployment rate would be an astonishing 11.1%.

Coincidentally in April 2010, Wisconsin was under the complete control of the Democratic Party. Wisconsin's unemployment rate was 8.5%. During the previous 16 months Wisconsin lost 155,000 jobs. It was that record that contributed directly to the voters deciding to reject the Democrats in both houses of the legislature and in the governor's mansion.

The state is up 15,600 private sector jobs this year. A survey by the Wisconsin Manufacturers and Commerce earlier this year said 94% of Wisconsin CEOs believe Wisconsin is headed in the right direction and 44% plan on hiring this year. But according to the Business Journal, many Wisconsin employers are holding back because of the recall elections.

Now that Act 10 and its successes are no longer the cause of the recall, Democrats had to wager on something else. With a month left to go, we'll soon learn whose bet on the economy will pay off.

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