I was wondering how Wisconsin, a steel using (not producing), manufacturing and export dependent state was faring as tariffs and retaliation loomed.
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Category Archives: Wisconsin
A Clear and Present Danger: The Imminent Cheese Gap
First, it was the mineshaft gap. Now, it’s the Cheese Gap. And a dairy trade war is the perfect way to approach the impending threat.
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Wisconsin Employment: Already in the Doldrums, Pre-Harley-Davidson
With some tariff induced offshoring of Harley-Davidson, now is perhaps a good time to consider the repercussions of the current administration trade policy on Wisconsin — a steel using (not producing) state, with some cheese and soybean production…
Thanks, Trump: Wisconsin Cheese and Motorcycle Edition
Wisconsin NFP Employment Continues Decline
It’s below peak, and April numbers revised down.Private employment 17,500 below Governor Walker’s target of an additional 250,000 jobs by January 2015. From WI DWD today.
Figure 1: Nonfarm payroll employment in Minnesota (blue), Wisconsin (red), and US (black), all in logs normalized to 2011M01=0. Light green shaded dates indicates data not yet benchmarked using QCEW data. Source: WI DWD, MN DEED, BLS and author’s calculations.
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A Wisconsin Fixed Effect
Wisconsin’s unemployment rate has dropped to 2.8 percentage points in April. The national rate is 3.9 percentage points. Proof of Walkernomics success? Well, since on average Wisconsin’s unemployment rate is typically 0.9 percentage points below, the answer is “no”. Consider the Wisconsin and US unemployment rates.
Figure 1: Unemployment rate for United States (blue), for Wisconsin (red). NBER defined recession dates shaded gray; Walker administrations shaded orange. Source: BLS, DWD, NBER.
April Employment in Wisconsin
Manufacturing in Wisconsin: Still below Peak Despite Tax Breaks
State level data for GDP in 2017Q4 were released today. This is an opportunity to update the progress of manufacturing value added (as opposed to employment) in Wisconsin after passage of the Manufacturing and Agriculture Credit (MAC).
When Did Minnesota and Wisconsin Fortunes Diverge?
Reader PeakTrader says the fortunes of Minnesota and Wisconsin “began to diverge decade before Walker”. I don’t buy it.
Wisconsin and Its Neighbors
Still not the leader of the pack.