State agencies have released data on July employment. Below is Wisconsin, compared to Minnesota and the Nation.
Figure 1: Nonfarm payroll employment in Minnesota (blue), Wisconsin (red), and US (black), all in logs normalized to 2011M01=0. The light green shaded period pertains to data that has not yet been benchmarked using QCEW data. Source: WI DWD, MN DEED, BLS and author’s calculations.
The difference in trajectories for MN and WI employment has become ever more prominent in recent months.
While the preliminary estimate for July WI NFP indicated an increase, it’s interesting to note that private NFP is essentially flat from May onward (and also below April peak). This is shown in Figure 2.
Figure 2: Nonfarm payroll employment in Wisconsin (red, left log scale), and private NFP (purple, right log scale), both on log scale. The light green shaded period pertains to data that has not yet been benchmarked using QCEW data. Source: WI DWD and BLS.
April through June figures for NFP and private NFP have all been revised downward, according to today’s press release.
The release also observes:
Based on preliminary data, the state added 26,500 total non-farm jobs and 25,000 private-sector jobs from July 2016 to July 2017, with a significant year-over-year gain of 9,600 manufacturing jobs. The state added 3,600 total non-farm and 100 private sector jobs over the month.