Today, the Wisconsin Department of Workforce Development released establishment data benchmarked to data from the Quarterly Census of Employment and Wages through September of 2016. Briefly, Wisconsin employment continues to lag the Nation, and its neighbor Minnesota.
Figure 1: Log nonfarm payroll employment for Minnesota (blue), Wisconsin (red), and US (black), all normalized to 2011M01=0. Green shading denotes period for which QCEW data is not available. Source: BLS, DWD, DEED, accessed 3/9/2017, and author’s calculations.
The DWD release is here.
As I predicted in August, a chunk of the earlier employment surge has been “revised away” in the wake of the QCEW release (in which Wisconsin ranked 33rd in employment growth through September.)
Figure 2: Wisconsin nonfarm payroll employment, December 2016 release (teal), January 2017 release (red), s.a., in 1000’s, log scale. Green shading denotes period for which QCEW data is not available. Source: BLS, DWD, accessed 3/9/2017.</small
And this is the future that the Governor said was so bright “he had to wear shades”? (Private employment is still some 50,000 shy of the 250,000 new jobs he promised for January of 2015).