Wisconsin's latest jobs report moved sharply in the wrong direction -- especially when it comes to Gov. Scott Walker's top campaign promise.
The report continues a trajectory that suggests it will be virtually impossible for Walker to meet his promise of creating 250,000 private-sector jobs in his four-year term. This is the view of two economists who follow the state closely and two business leaders who advised then-candidate Walker to make the promise.
Here's why this promise appears headed for failure -- and why we are moving it to Stalled on the Walk-O-Meter.
The key number is 18,615. That's the net number of jobs that state employers would have to add each month for the remaining months of the year for Walker to reach his pledge. That's far more jobs than the state has added in any single month in recent years.
Last year, the state added a little over 12,000 jobs in three separate months, and the highest monthly total added since Walker took office was 13,800. There have been several months, too, where the job losses have been equally large.
The most reliable figures for job counting come from the Quarterly Census of Employment and Wages, and those numbers are in for all of 2013. That gives us three years of solid data.
The census is highly accurate because the numbers come from nearly all private sector businesses, compared with the monthly Current Employment Survey figures which are gathered from about 3 percent of employers and are subject to considerable revision.
For 2013, the census data says the state added 28,006 jobs. That's the lowest of the three full years of Walker's term. The monthly numbers had the 2013 jobs count at 39,700, so the switch to the more-accurate census means 11,694 fewer jobs.
So, for the first three full years under Walker, the state added 91,678 jobs. That's about one third of what he promised.
In the first four months of 2014, the state created an estimated 9,400 jobs, according to the monthly tallies. While not as accurate, the monthly data is a useful tool to give a sense of progress. You can view an updated graphic that we use to track the governor's progress here.
If that is considered along with the annual totals, the state has added about 101,078 jobs since Walker took office. That leaves 148,922 to go.
The 250,000 jobs promise will not be met, said Tom Hefty and John Torinus in a recent article in Wisconsin Interest, a magazine produced by the conservative Wisconsin Policy Research Institute. Hefty, a retired health care executive, and Torinus, a former journalist, business owner and angel investor, led the Be Bold initiative in 2010, a series of meetings around the state aimed at improving the state's economy.
Here's the first paragraph of their piece:
"Although there has been a grudging improvement in Wisconsin's economic performance since the Great Recession, due in part to a strategic focus on manufacturing, the state will not create 250,000 jobs by the end of 2014. Neither will Wisconsin be ranked as a top 10 state for business climate. Those goals, set out by Gov. Scott Walker in 2010, remain worthy. But they won't be achieved."
Their article said the state's recovery has been modest and uneven. They said weak economic performance in Milwaukee and Madison were particularly to blame.
Marquette University economist Abdur Chowdhury said the state's economy is slowly recovering from the Great Recession. He said most of the jobs being added were in the service sector.
"In the best case scenario, given the current trend, average monthly private sector job growth in the coming months would be around 9,000," he said. "So about 65,000 to 70,000 new jobs could be created by December 2014. This would bring the total jobs created during Governor Walker's current term to around 170,000."
The state simply isn't adding jobs at a fast enough pace for Walker to meet his promise, said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management.
The state's average growth rate for jobs over any eight month period is 0.6 percent, he said. The the largest it's ever been for an eight-month period was 2.8 percent in 1994.
"Using that maximum rate, we'd only get about 79,000 more jobs," Jacobson said. "That's just over half of what we'd need to get to the goal."
He noted it would take an unprecedented boom -- an average of 5.14 percent growth over the remaining months -- to reach the mark.
We asked Walker's re-election campaign for an interview with the governor about the 250,000 jobs promise. We did not receive a response.
The 250,000 jobs promise has remained In the Works on the Walk-O-Meter since we started tracking it in 2010. As it stands now, the figure seems out of reach.
We rate the promise Stalled.