City of Racine remains #1 in highest unemployment
Unemployment rates are dropping across Wisconsin. The City of Racine still ranks #1.
Wisconsin Department of Workforce Development released a new report Wednesday, October 24th that shows unemployment rates fell in every one of the state’s 32 largest cities between August and September.
Racine had the highest unemployment rate of any city at 10.7% followed by Beloit at 9.9%.
Caledonia has a 3.9% unemployment rate
Unemployment rates also fell in all 72 counties.
The data isn’t seasonally adjusted and is subject to significant revision.
The seasonally adjusted statewide unemployment rate in September was 7.3%.
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Quick, open another Art Gallery!!!
Avenging Angel
10/25/2012 at 7:49 am
As a consequence it also suffers from a foreclosure rate of more than one per day. With employers leaving Racine because Racine is non-competetive, who will buy your house?
The population is shrinking, and many of those left in the inner city are hard-core unemployed and some are simply unemployable.
With a huge debt load and nothing to show in the way of an expanding tax base – the shrinking tax base must sustain an ever heavier load in the future. Property values will eventually fall to near zero and deep cuts in Fire and Police will make the City an “adventurous” place to live. Get your concealed carry permit now.
Good luck, brave residents of Racine.
Tricky Dicky
10/25/2012 at 3:47 pm
Hey I have an idea. Let’s buy some old houses that are in distress and throw lets say $30 – $40K in them with an average of over $120K in total and then sell them for lets say $50 – $70K at a loss to help spur our inner economy. If that dosen’t wotk lets try building an artist community in uptown, If that dosen’t work lets sell the building at a loss of over $150K to a private citizen and then we will still help invest in that building with fire safety equipment totalling over another $100K. If that dosen’t work I’ll take a trip over to France and visit a fish farm and sustainable market gardening, Kinda like the one we already have in the old Western Publishing building overt on Water St. You know the one I have yet to visit because that mans investment dosen’t interest me because it dosen’t help me or my personal friends. Oh then I will start a major upgrade of City Hall so I can mis spend monies during a down turn in the economy and I will make sure my best man will get the granite work and inflate the prices to our benefit. Then I’ll turn off some lights in some of the crime areas and cut services to help balance some costs. Then I will allow a boat washing station to be built and other worthless services we can not afford. Oh did I forget to tell you I started this with a lawsuit against my employer because I violated his trust. Oh yes and I hired my cousin to help me with my job because I really do not know what I am doing. I have scared people away from my place of employment because they think I am untrust worthy. Man I am really glad no one has had the balls to fire me for ineffectiveness. I thought i would have bought the minute I brought up this lawsuit I talked about earlier, I must be blessed with sheep for partners because they even aare helping me pay for my lawsuit and voluntarily have covere legal costs even though a Judge said thet didn’t have to there the best friends I could ever have. Ass kissers just like Me.
papabear
10/26/2012 at 6:16 am
Can a Mayor turn a City in decline around? YES!!! Here is a success story!
ANDERSON IND. :In August, the Bureau of Labor Statistics reported 9.5 percent unemployment in Anderson. That’s down from 10.7 percent a year earlier, but still higher than the state’s unemployment, which was 8.3 percent in August.
“Anderson, on average, is higher than the rest of the state,” Smith said. “That’s a trend we’d like to reverse.”
SO, ANDERSON IND. got SERIOUS, and didn’t play political cronies, budget games, nepotism, meaningless TIF’s (Porters, adding more retail and apartments), non-competitive tax rates, borrow and spend and overpaid public officials.($100,000+)
http://www.cityofanderson.com/business-technology.aspx
COMPARE with City of Racine: (you know the City of Racine website… brags about best tasting water, beaches, etc….)
Mayor Kevin Smith said the addition to the local economy (HY-PRO Filtration) was a testament to the city’s labor market, low operating costs and other factors that attract new companies.
“We’ve said for many years that Anderson is a good place to do business,” Smith said Tuesday.
Hy-Pro is the latest in a string of nine jobs announcements made by the mayor’s office this year, accounting for 1,067 jobs and $206 million in new investments.
Smith said his office has been approached by other companies interested in Anderson, although he wouldn’t get into specifics.
Meanwhile… Mayor John Dickert gives you $400,000 bathrooms, Downtown round-abouts, Jobs for FOJ’s building $200K houses in the slums, multiple lawsuits and a gold-plated City Administrator who is useful for ….???
ANDERSON, Ind. — In a formal announcement at City Hall on Tuesday, an industrial filtration products manufacturer said it expects to add more than 100 jobs in Anderson.
Hy-Pro Filtration, which had previously operated out of a 52-employee, two-building complex in Fishers, said it expects to bring 107 jobs to Anderson when it moves to a 17-acre plot just north of Nestlé USA’s facility next year.
The jobs carry an average hourly wage of $21 plus benefits and would come over the course of roughly three to four years, Hy-Pro operations manager Aaron Hoeg said Tuesday.
Hy-Pro expects to break ground next spring and begin production later that year.
In addition to the company’s headquarters, the new 122,500-square-foot facility would house manufacturing, assembly and warehouse facilities. Hy-Pro makes filtration products for hydraulic, lubricating oil and diesel fuel, used globally by industrial customers for heavy equipment organizations.
According to a release from the city, the company will invest $10.5 million to build its facilities over the next three years, Anderson offered $1.9 million in tax increment financing to Hy-Pro based on the company’s employment numbers and property investment.
But hey Racine, don’t feel bad. Wispark (WE ENERGIES), after finding that the market value of 233 Lake Ave = $0, is giving it away to the City – you know, charity and all, and of course, the property tax revenue stops – but that’s why the remaining and declining residents of Racine work – to continue shouldering an ever larger burden of the property tax levy amongst an ever shrinking tax base.
Tricky Dicky
10/27/2012 at 9:36 am