The benchmark revisions halved the 2018 growth rate from 1.64% to 0.82%.
Figure 1: Wisconsin nonfarm payroll employment from December 2018 release (red), from January 2019 release (blue), in 000’s, s.a. Light green shading denotes benchmarked data. Source: BLS.
Or. Oops. (Again).
Has manufacturing value added increased above what was expected, in response to the (costly) Manufacturing and Agriculture Credit? Comparing against Minnesota (which did not implement such a measure) suggests no.
Robin Vos has suggested Wisconsin would be much more Republican (hence “better”) without Madison and Milwaukee. I wondered what an ex-Madison and ex-Milwaukee Wisconsin economic output would look like. Here’s the picture.
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A shrinking economy.
New figures released by the BEA, incorporating annual benchmark revisions, indicate Wisconsin has been growing more slowly than previously thought; Q/q growth in 2018Q2 was ranked 48th in the Union. This outcome is illustrated in the following map.
Figures released by DWD suggest a slowdown in Wisconsin.
Cumulative growth in Wisconsin since 2017M01 lags Illinois, according to estimates released today. And the 2018M09 Wisconsin index is below peak (nobody else in the region is).
Ooops. Jumped the gun. Actually Nafta 0.8 will only yield minor benefit to American dairy farmers. In the meanwhile, prices are plummeting…
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Bruce Hall takes issue with my post on Wisconsin’s employment growth, and writes (sarcastically):
Looks as if every state in the midwest is doing fine except Wisconsin.
Mebbe the unsarcastic interpretation is more correct. I let readers assess, based on these graphs.