Posts Tagged ‘recession’

Pray Leinenkugel is right

November 30, 2009

I’m not necessarily talking about the beer, although I wouldn’t be surprised if economic success in Wisconsin strongly correlated with growth in Leinie’s sales (I don’t think it’s quite cheap enough to be recession proof). Wispolitics:

Commerce Secretary Dick Leinenkugel predicts gradual job growth beginning in 2010 and says that with its diversified economy, the state is ready to take advantage of economic recovery.

“I know we’re ready when the recovery comes,” Leinenkugel (left) said on On Sunday’s “UpFront with Mike Gousha.” “It’s because we’re such a diversified economy.”

Leinenkugel predicted the state, which has lost roughly 130,000 jobs since October 2008, would see jobless numbers turn around in the second quarter of 2010 as businesses gradually begin to hire more workers.

Second quarter. Just in time for graduation! But just in case, maybe you ought to stretch it out into summer. Then you’re guaranteed a job. Right…?

Stimulus numbers wrong

November 12, 2009

Thank you to Emma Roller (a cherished commenter) for directing me to this story:

“A stimulus job report that says more than 10,000 jobs were saved or created in Wisconsin is rife with errors, double counting and inflated numbers based more on satisfying federal formulas than creating real jobs, a Journal Sentinel review has found.

In one case, five jobs were mistakenly listed as 50 – and then counted twice. In another, pay raises to workers were listed as saving more than 100 jobs. And in another, jobs were listed as saved even though the money had not been received and no work on the project had begun.”

So Wisconsin is still in the shitter. The Herald’s got more on that.

A must read for every college student

July 5, 2009

For some of us, this New York Times article hits VERY close to home.

School’s out for summer 2009, and instead of getting a jump on the boundless futures that parents and colleges always promised them, students this year are receiving a reality check.

The well-paying summer jobs that in previous years seemed like a birthright have grown scarce, and pre-professional internships are disappearing as companies cut back across the board. Recession-strapped parents don’t always have the means or will to bankroll starter apartments or art tours of Tuscany.

Numbers provide the backdrop to the story — not just the grimly familiar national unemployment rate, 9.5 percent in June, but the even scarier, less publicized unemployment figure for 16- to 19-year-olds, which has hit 24 percent, up from 16.1 percent two years ago.

Next article: Unemployed college students turn to blogging.