Quote:
Originally Posted by Rochard
In fact, here is the post.
So obviously the unemployment rate there is completely inaccurate and doesn't include all of the people who have given up looking for work, right? |
U-3, total unemployed, as a percent of the civilian labor force (this is the definition used for the official unemployment rate);
It's probably accurate
U-3. the figures I quoted where averaged over the
time term shown. It depends on what you count.
IMHO, it's meaningless
fluff
Quote:
Wisconsin private-sector job growth lags national average
Updated: Thu 2:51 PM, Mar 19, 2015
By: AP Email
MADISON, Wis. (AP) -- Wisconsin's private-sector job growth is half the national average, ranking 40th in the most recent 12-month reporting period.
The U.S. Bureau of Labor Statistics reported Thursday that private sector jobs grew 1.16 percent in Wisconsin for the 12-month period from September 2013 through September 2014. The national growth rate was twice as high at 2.3 percent.
Wisconsin has been behind the national average since July 2011.
The state ranked 38th in job creation when both private and government jobs are counted.
The report is based on a survey of nearly every employer and is considered the most accurate measure of job growth.
Less reliable monthly data also released Thursday shows Wisconsin's unemployment rate dropped to 4.8 percent in February. That is the lowest since July 2008.
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