WISCONSIN STRUGGLING UNDER BUSH
BUSH POLICIES BAD FOR WISCONSIN WORKERS
Nationally, Businesses Have Lost 1.8 Million Jobs Lost; Unemployment Rate Up 33 Percent. The national unemployment rate in June 2004 was 5.6 percent, up from 4.2 percent when Bush took office in January 2001 – a 33 percent increase. Nationally, the economy has lost 1.8 million private sector jobs under Bush.
(Bureau of Labor Statistics,
http://www.bls.gov; AP, 1/9/03; CBPP, 4/26/04, www.cbpp.org)
Wisconsin Fact: 20,620 Wisconsin Jobs Have Been Lost Under Bush.
(Bureau of Labor Statistics)
Wisconsin Fact: 72,400 Manufacturing Jobs Have Been Lost Under Bush. (Bureau of Labor Statistics,
http://www.bls.gov)
Millions Have Lost Unemployment Insurance Under Bush. Nearly 2.5 million Americans have also seen their federal extended unemployment benefits expire due to Bush and the Republican Congress’s failure to extend them: 1 million in December 2002 and another 1.47 million since January 2004. Wisconsin family health insurance premiums increased by an estimated $2,916 to $10,028.(www.cbpp.org)
Wisconsin Fact: 46,400 Wisconsinites No Longer Qualify for Unemployment Assistance. Since January 2004, 34,500 Wisconsinites have seen their unemployment assistance run out. The number of people in Wisconsin who have fallen into poverty has increased by 18,000. (www.cbpp.org)
Wages Not Keeping Up With Inflation. Average weekly earnings fell 0.5 percent in June 2004, not even counting inflation. Over the last year weekly earnings rose 1.7 percent. That is not enough to keep up with inflation, which increased 3.1 percent between May 2003 and May
2004. (Bureau of Labor Statistics)
Jobs Are Shifting to Lower-Paying Industries Paying $9,401 less. In Wisconsin, jobs are growing in industries with low-paying jobs and contracting in industries with higher-paying jobs. On average, jobs in growing industries pay $9,401 less than jobs in contracting industries - that is 25 percent less. (Economic Policy Institute, "Jobs Shift From Higher Paying to Lower Paying Industries," January 21, 2004)
Wages Are the Lowest Share of National Income on Record - While Profits Are Rising. Wages as a share of national income fell from 55.4 percent in 2001-Q1 to 51.5 percent in 2004-Q1. That is the lowest share since these data started being collected in 1929. At the same time, the profit share has risen to nearly the highest rates in decades. The average wages for growing industries in Wisconsin pay $7,210 less than in contracting industries. Bankruptcy skyrocketed as 36,332 Wisconsin households filed for bankruptcy in 2003, and child care costs increased by $2,050 to $12,910 for a Wisconsin family with two children under age 5 in full-time daycare. College tuition has increased by $1,078 at four-year public universities in Wisconsin.
(Bureau of Economic Analysis)