Wednesday, February 22, 2012

Major Financial Services Corporation Rates Wisconsin's State Economy 34th Nationally - - Dropping 14 Spots

More bad review for the Wisconsin job market since Walker's budget was approved:

From the February monthly "State Monitor" report by BMO Capital Markets, comes this analysis for Wisconsin, in part:

Labor market... Employment has been falling since mid 2011, with nonfarm payrolls down in six straight months through December, or a cumulative 1.3% since June. Aggressive government spending cuts have been a major factor, with government employment sliding 2.5% y/y after falling precipitously since July. Meantime, construction employment hit the lowest level on record (dating back to 1990) in November, offsetting strength in leisure & hospitality jobs.
The ranking loss among the 50 states was third sharpest.

And this trend has been reported before.

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