University of Wisconsin professor of economics Andrew Reschovsky said while the losses in the public sector are consistent with the Walker administration’s policies, the losses in the private sector are more of a mystery.
“I wish I could say I know what is causing the private sector job losses,” Reschovsky said. “The evidence suggests that there is nothing that Walker’s administration is doing specifically to cause a slow in growth.”
Reschovsky said one of the reasons the state could be lagging behind other states is because of the diverse nature of the state’s economy. He said the state brings in a lot of business from Europe, which is currently undergoing a financial crisis of its own.
An important thing to keep in mind, Reschovsky said, is there is only so much that can be done at the state level to encourage job growth and that politicians are likely to receive credit or criticism for changes they do not have complete control over.