DWD Jobs Report Contradicts Walker Jobs Claims: Wisconsin LOST 2600 Private Sector Jobs in February | Wis.Community

DWD Jobs Report Contradicts Walker Jobs Claims: Wisconsin LOST 2600 Private Sector Jobs in February

So, yesterday Scotty triumphantly

Pleased that WI added private sector jobs in Feb, esp in manufacturing. But there’s a lot of work to do. We must continue to open Wi 4 biz.

If you look at Wisconsin's "seasonally adjusted" jobs numbers it does indeed show slight, (anemic), growth among private and manufacturing jobs.

However, when we look at the it shows that Wisconsin LOST 2,600 private sector jobs in February.

So, which numbers are accurate?

According to Penn State's :

Seasonally adjusted refers to data series that have been changed to take into account the regular seasonal patterns that some activities experience. Seasonality occurs when the level of a series is notoriously high or low during certain time periods within a year. For example, employment in retail stores is typically higher during the winter holiday season (e.g., Christmas) and employment in construction is typically lower during winter months. Unemployment rates typically rise each summer when kids get out of school and look for summer jobs, and fall in the autumn when they go back to school. Seasonally adjusted data allow for better comparison across time periods since the effect of any seasonal pattern is taken out.

Seasonality, by definition, can only occur within a year--data that are on an annual basis cannot exhibit seasonal patterns.

So in other words, "seasonally adjusted," as the name implies, is an adjustment of the actual numbers. In this case, the actual numbers are that Wisconsin lost 2,600 jobs in February.

Published

March 24, 2011 - 11:58am

Author

randomness