How bad did the Wisconsin job market tank in November?

Way bad.

Some sobering economic indicators from the Department of Workforce Development's Office of Economic Advisors.

• Initial claims for unemployment compensation: 18,106 (seasonally adjusted), up 50% from the year-earlier period, highest in available stats (going back to 1990), and following three awful months.

• Job openings received*: 8,168. That's down by more than 10,000 from a year ago.  The total was 8,835 in October, making it the first time since 1996 when we saw back-to-back totals lower than 9,000.

• Unemployment compensation exhaustees: 28,025, up 20% from last year. Totals have been running ahead of year-earlier since February.

Nope, no stimulus needed here.

* "This is the monthly number of jobs available from employers who hire through public Job Service offices and Job Centers throughout the state. While many employers rely on other recruitment methods, those who do depend on DWD make this an indicator of economic conditions. The data are estimates derived from the number of job orders placed by employers with the Department of Workforce Development."

Comments

[Sallie Mae]

Government Stimulus? Really? How would that help?

If you want to hand out $1.2 trillion or more, shouldn't you also be required to prove that it would have any chance at helping the economy?

This is just plain crazy.