Wisconsin Economy Watch 1

Wisconsin employment has now fallen below pre-recession peaks…
[Updated, with comments from WMC and Lt. Gov. Kleefisch; warning – your head will hurt after reading]

Figures released this afternoon indicate the three month change in nonfarm payroll employment and civilian employment have been negative for two and three months respectively. Since the Wisconsin Department of Workforce Development (DWD) memo makes no mention of this, I think it useful to document the negative trends in Wisconsin employment.

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Wisconsin: Real Wages Are the Same as They Were in January 2011

In my interview with NPR’s Jim Zarolli, the question came up about wage developments. Embarrassingly, I had no opinion, having not looked at the data (I know that doesn’t stop some people from opining; in any case, that question and lots of other stuff didn’t make it into the piece that aired). Well, I looked up the data, and surprisingly the level of real hourly earnings in May 2015 is the same as it was in January 2011(!).

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