Wisconsin real personal income in Q3 is less than it was a 2015Q4, and since 2011Q1, cumulative nominal income is 5% lower than that in Minnesota (and the US). Wisconsin GDP growth through Q2 lags Minnesota and US.
Here is Wisconsin personal income compared to Minnesota and the US.
Figure 2: Minnesota nominal personal income (blue), Wisconsin (red), and US (black), all in logs 2011Q1=0. NBER defined recession dates shaded gray. Source: BEA, and author’s calculations.
Here is the same comparison, but for GDP (extending up to only 2017Q2).
Finally, here is the Wisconsin aggregates in per capita terms.
Figure 4: Wisconsin GDP per capita (blue) and personal income per capita deflated by US PCE (red) in Ch.2009$, SAAR, both on log scale. NBER defined recession dates shaded gray. Long dashed line at 2013Q1, implementation of Manufacturing and Agriculture Credit. Source: BEA, and author’s calculations.
Here’s best wishes for a better year in 2018 than 2017.