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Economic Outlook: Wisconsin shows signs of rebound

By ASSOCIATED PRESS   Friday, July 3, 2009 - 5:42 p.m.
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MADISON — Revenue officials say Wisconsin's economy is showing signs of a rebound, but the recovery in employment and personal income isn't expected to start until 2010.

The quarterly Wisconsin Economic Outlook issued Friday by the state Department of Revenue notes that the national economic recession remains severe but adds that "the bottom is in sight."

According to the report, total state employment is expected to show a decrease of 4.1 percent in 2009. Personal income growth is expected to fall by 1 percent, although it's tempered by federal stimulus spending under the American Recovery and Reinvestment Act.

The global recession means exports will decline before resuming slight growth in 2010.

Revenue Secretary Roger Ervin said the focus must stay on "creating and retaining jobs and moving the state toward a path of economic growth."




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(15)
RetiredAirForce
Jul 6, 2009 at 7:08 a.m.
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Silly semantics, yes, that is what one would use as a defense for non-comprehension.

Question: How do you get "there are no jobs" from "The job market is worse now than it was a month ago"?

Then instead of debating the facts you decide it is all silly semantics.

janesvillean
Jul 5, 2009 at 6:52 p.m.
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I read his remarks. Is there some other meaning for "the job market is worse" than commonly understood by English-speaking persons? These silly semantic rebuttals are generally what people resort to when they cannot formulate an argument from the facts.

tig389
Jul 5, 2009 at 5:44 p.m.
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bla bla i have a skilled trade been laid off for 9 months ive sent resumes out to other states and still no bites its going to be a long time before the economy turns around these numbers dont mean a dam thing

rexkramer
Jul 4, 2009 at 12:58 p.m.
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More semantics and spin by Diamond Jim and his capital cronies. "The bottom is in sight", what the hell does that mean? This is supposed to be the sign of a rebound? You think this stuff is bad folks, wait till the real b.s. starts getting shoveled when the gov. ramps up his re-election campaign. By this time next year Jim Doyle will have us believe that he turns water to wine. Of course nobody in the media will ask one critical question to smoke him out on all his lies so the only question that remains is if some of you out there who were duped in '06 will stand in line to get it put to you all over again.

oldtimer
Jul 4, 2009 at 9:39 a.m.
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How they can twist everything around is amazing, It will get much worse and I dont see it getting better for a long time.

RetiredAirForce
Jul 4, 2009 at 9:35 a.m.
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"We won't know..."
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This is what he complained of that you could not read. Sick of the guesses (convoluted numbers) by politicians and experts.

Any one schooled on economics learns employment is a lagging indicator; business drops off before unemployment occurs and business picks up before employment happens. The idea that a decline in job losses, yet still falling tremendously, is a reflection of things getting better is reading "odd tea leaves". Until there are business' reporting consistent upticks how can the economy be judged on being better?

RetiredAirForce
Jul 4, 2009 at 9:27 a.m.
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"Unidentified, I'm not sure why you say there are no jobs"
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That is simple....because he did not, read his comments as written.

janesvillean
Jul 4, 2009 at 1:58 a.m.
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Unidentified, I'm not sure why you say there are no jobs, then call a "jobless recovery" BS. Uh, that's exactly what it means -- economic activity and productivity return, but jobs don't. Unfortunately that is probably what will happen, again, as in 2001-2003.
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What keeps getting touted as good news is the apparent slowing in the *decline* of jobs, productivity, and so on. This may mean that the low point is at hand, or it could be a dead cat bounce as Wall Street terms it. We won't know for a few months yet.

ozzman99
Jul 4, 2009 at 1:20 a.m.
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Did Del Taco Go out of Business?

Unidentified
Jul 3, 2009 at 8:16 p.m.
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Rebound? Only a politician can see anything resembling a rebound. The job market is worse now than it was a month ago, which was bad enough. I'm not buying into the "Jobless recovery" BS. What's more, most of these infrastructure jobs will be done at the end of summer. I'm all for positive news, don't get me wrong, but I'm not in favor of convoluted numbers and backwards figures.

chainsawchuckie
Jul 3, 2009 at 7:42 p.m.
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yet that is for sure...........it's gonna happen.........

onelife2live
Jul 3, 2009 at 7:15 p.m.
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Things are looking up? Other than Oshkosh truck I haven't heard any good news. Jobs first. without jobs things will continue to get worse. The only good news is that inflation hasn't kicked in yet.

rooster
Jul 3, 2009 at 6:23 p.m.
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rebound and unemployment are the same thing then, huh.

getabike
Jul 3, 2009 at 5:56 p.m.
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Tell that to Del Taco

truthteller
Jul 3, 2009 at 5:49 p.m.
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Well as long as they are basing everything on guesses.... I will guess things will get much worse.

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