Federal Reserve Bank of Philadelphia warns Gov. Scott Walker on giving misleading data on WI economy


scott walker no jobs

For some inexplicable reason, WI Gov. Scott Walker is an early favorite for re-election (but not a lock). At this point Wisconsin gets what it deserves if they fail to get out the vote and defeat their should-have-been-recalled voter suppressing, privatizing, union busting governor.

And now that should-have-been-recalled, voter suppressing, privatizing, union busting governor is in hot water... again.

The Cap Times has the latest:

Top officials with the Federal Reserve Bank of Philadelphia are warning Wisconsin Gov. Scott Walker, Wisconsin Manufacturers & Commerce and others that they are misusing a monthly index produced by its top economists.

Walker in recent speeches has been touting figures from the “Philly Fed,” claiming they show Wisconsin’s economy as No. 2 in the nation. WMC has been using the same number in a series of advertising buys, thanking Walker for putting the state on the road to prosperity.

But officials with the Philly Fed, who have been following the situation in Wisconsin, issued a statement Friday saying it’s a misreading of their "Coincident Indexes" to try and compare one state to another.

facts schmacts smaller

Some of you may recall that Scotty campaigned on improving the business climate and promised to create 250,000 new private sector jobs by 2015. And that wasn't the first time he offered misleading economic statistics.

According to the Bureau of Labor Statistics, Wisconsin added 24,305 jobs between March 2012 and March 2013. That was a 1.1% increase. The national growth rate was 2 percent.

Private-sector jobs grew by 2.8 percent in Michigan, 2.1 percent in Minnesota and 1.2 percent in Iowa over the same period. That percentage increase put Wisconsin 34th among the states in job growth over the period.

But Walker said this:

Actual jobs data released by the federal government’s Bureau of Labor Statistics (BLS) show Wisconsin created 24,305 private sector jobs from March 2012 to March 2013, ranking 22nd in the nation for private sector job creation.


lies pinocchio nose grows

More here, including what he blamed his weak jobs numbers on.