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Walker's Manufacturing Tax Cut = 4,000 lost manufacturing jobs

Wednesday, March 8, 2017 15:25
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(Before It's News)

It won’t matter to “Stand with Walker” Borgites, but their unintimidated leader’s job’s recored still stinks, and probably still won’t be enough to throw this bum out of office. WPR:

The job loss figure comes from the federal Bureau of Labor Statistics’ Quarterly Census of Employment and Wages, which economists regard as the most accurate job metric.

1. Wisconsin lost more than 4,000 manufacturing jobs in the 12 months leading up to last September, marking the worst such period for the state since the end of the Great Recession.

2. The drop came at a time when Wisconsin was spending nearly $300 million a year to cut manufacturers’ income and corporate taxes in an effort to grow the state’s manufacturing economy.

3. A total of 27 states lost manufacturing jobs over the same span, and so did the national economy.

4. The same employment report showed Wisconsin added 25,562 private sector jobs from September 2015 to September 2016, which ranked 32nd in the nation in overall private sector job growth.

“It mostly shows the limited power of politicians and efforts by state government to change economic forces,” said Don Grimes, a labor economist at the University of Michigan. Grimes said that’s largely because manufacturers have improved their productivity to the point that they can make more goods with fewer people.

A former liberal radio talk host who likes to ask the “follow-up question” at Democurmudgeon.blogspot.com



Source: http://democurmudgeon.blogspot.com/2017/03/walkers-manufacturing-tax-cut-4000-lost.html

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