City of Racine #1 in Highest Unemployment….Again
The Wisconsin Department of Workforce Development released the unemployment numbers for the State of Wisconsin, and again the City of Racine is #1 again in highest unemployment.
The city of Racine’s rate increased from 11.1% to 11.9% during that time. Racine had the state’s highest unemployment rate with Beloit placing second at 10.4%.
The City of Racine’s unemployment rose from 11.2% in November of 2012 to 11.9% in December 2012 and is also up from 11.1% in December 2011
Unemployement rates reflect only people who are employed or actively seeking work. That data does not include those individuals who are out of work but have stopped working, or who are underemployed (working part-time but wanting full-time jobs).
For more information and additional data see the release from the Wisconsin Department of Workforce Development
Division of Employment and Training
One Response to City of Racine #1 in Highest Unemployment….Again
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In a Global Economy – Racine can’t compete. Not dealing with the reality of a Global Economy doesn’t help – it just will make you mad. 7 Billion people on the Planet – all wanting to consume like Americans – it doesn’t work. Oil production has peaked – and new supplies aren’t keeping up with depletion rates – also the new oil is expensive to produce, harder to extract, and fracked wells deplete fast. Continued high energy prices suck capital out of the economy.
Racine’s taxes are too high to attract and keep businesses. Racine has nothing to offer against all the other communities it competes against – just overpaid and overcompensated bureaucrats. $20M in new debt over the last 2 years for the City of Racine, $40M for RUSD, a couple of $M for Gateway, and that debt service must get added to your tax bill for 2013. That is in addition to the City of Racine’s 5% referendum, Gateways’ $49M referendum, and then the increases necessary to support those spending/jobs programs.
Unemployment in Racine will eventually go away because the unemployed will go away – the last manufacturing businesses will leave – those left will have to shoulder the burden of an abandoned, crumbling, and crime ridden Inner City. Mistakes were made.
Tricky Dicky
01/24/2013 at 9:25 am