State ranked 42nd in job creation at midyear, census report shows (WI)

[hue]

http://www.jsonline.com/business/state-ranked-42nd-in-job-creation-at-midyear-census-report-shows-3h89vns-186044541.html

Wisconsin ranked 42 out of the 50 states in private-sector job creation, according to the latest available government jobs data deemed credible by economists.

The data, which covers the 12 months from June 2011 to June 2012, shows that Wisconsin's position worsened from a rank of 37 in the previous period from March 2011 to March 2012.

Tuesday's report drew attention to a chronic concern that has preoccupied economists, politicians, business and civic leaders for years: Why is Wisconsin a slow-growth state?

"This is a big question," said Timothy Sheehy, president of the Metropolitan Milwaukee Association of Commerce.

The Quarterly Census of Employment and Wages, as the report is formally known, is based on reports from 96% of the nation's public and private sector employers, making it the most thorough and accurate reading of hiring in America. But the census data comes with a time lag of as long as seven months, which means it gets less attention than monthly unemployment reports.

The monthly data is based on a sample of little more than 3% of employers, which is extrapolated and prone to wide distortions. At the national level, the margin of error is relatively small. But Wisconsin's state job numbers come with a margin of error that can vary by more than 9,000 jobs in either direction in any given month - which means that initial reports of job gains can turn negative when final revisions are released.

The U.S. Bureau of Labor Statistics, which collects the data, uses the Quarterly Census to make final revisions to the monthly data....

[Scuba]

1. And Squat Wanker says "It's working".

[reteachinwi]

2. It's working to depress wages and salaries

And the~10000 jobs that can't find people to take them; what do they pay? If the job isn't attracting qualified people in this economy it must be under paid (markets being what they are and all.)