July was down, and we won’t have August numbers until September 20th (maybe a day earlier from DWD). Using official nationwide nonfarm payroll employment, Wisconsin employment is growing.
Figure 1: Wisconsin nonfarm payroll employment (bold black), forecast based on US NFP (red) and +/- 1 standard error band (gray lines), and Department of Revenue May 2024 forecast (light blue lines), all in 000’s, s.a. Forecast based on first log differenced Wisconsin and US employment, 2021M07-2024M06, dynamically forecasted. Vertical axis is on log scale. Source: BLS, DoR (May), and author’s calculations.
Interestingly, this finding suggests that the July (preliminary) figure for employment will be revised upward, albeit with substantial slowing (the vertical axis is on a log scale so one can read flatter slope as decreasing percentage growth).
Census reported the median household income for 2023 which is 17.34% higher than it was in 2019. But that’s nominal.
The personal consumption expenditures price index over the same period rose by 16.29%.
So real median household income was higher in 2023 that it was pre-pandemic.
A fact that you will not hear on Faux News or from EJAntoni.
JDVance is the gift that keeps on giving:
https://www.msn.com/en-us/news/politics/vance-fires-back-at-criticism-over-haitian-pet-eating-online-conspiracy-theory/ar-AA1qkAZp?ocid=msedgdhp&pc=U531&cvid=5bd6b3be4e454a888323fcab13e8f99c&ei=6
Vance fires back at criticism over Haitian pet-eating online conspiracy theory
His defense of his racist lie? Even more racist lies. He indeed is Trump’s minnie me!