DAILY WISCONSIN

Employment

Average

It also seems that both of these numbers were affected by the brutal weather of mid-February (when the employment survey was made). The largest job losses for February were in construction (-31,000), and it seems likely that many lower-wage part-timers had hours reduced due to the weather, which would mean more wages were earned by higher-wage full-time workers.

So while the top lines of 20,000 jobs may make you think “uh oh”, and a 3.4% annual increase in wages may make you think “great!”, I’m not sure either apply here. Both are the opposite of what we saw in the January report, while the average of those 2 months is mostly on line with where we’ve been.

Via Jake’s Wisconsin Funhouse: Feb US jobs decline – to the norm

Weren’t as good  

I told you to look out for the new Wisconsin jobs report today, coming on the heels of the bad performance in the “gold standard” Quarterly Census of Employment and Wages(QCEW) which I discussed in this post.

That’s because the January report would feature revisions based on that QCEW report. And sure enough, that Wisconsin jobs report came out today with sizable downgrades in job growth.

Revisions from previously-reported Dec 2018 Wis jobs figures 
All jobs -17,100
Private sector jobs -13,400
Manufacturing -12,900

Via Jake’s Wisconsin Funhouse: As predicted, Walker job growth and total people working weren’t as good as the year said