Wisconsin nonfarm payroll (NFP) employment is 63.2 thousand below what historical correlations with national employment would imply.
Category Archives: Wisconsin
Assessing Industrial Policy in Wisconsin
The Wisconsin Budget Project concludes “Costly Tax Credit has Done Little to Boost [manufacturing] Employment”.
Wisconsin Employment Evaluated against a Counterfactual based on Historical Correlations
The Wisconsin Department of Workforce Development trumpeted May figures today. What if the relationship between US and Wisconsin employment over the 1994-2009M06 period persisted into the Walker era? We would have expected 60,000 more jobs than we got.
Wisconsin Employment: Falling Further Behind
Wisconsin’s Department of Workforce Development released employment figures today. Nonfarm payroll employment down 12,000, private NFP down 11,000, month-on-month.
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Identities, Parameters and Regressions
A reader comments:
Your final jab in this post regresses the state output gap on the fiscal gap. You then conclude that there is a positive relation between the two and that this somehow implies that a reduction in gov’t spending is a drag on the economy. I’ll just point out that …. that gov’t spending is a component of GSP. Of course they’re positively related.
Two Employment Goals: Kansas, Wisconsin
In Governor Brownback’s re-election campaign, he committed to 25,000 new jobs per year in his next term. This is reminiscent of Governor Walker’s August 2013 promise to create 250,000 new private sector jobs over the four years of his first term, by January 2015. How are things going?
Kansas: “This other Eden, demi(Austrian)-paradise”
On reading my recent post on Kansas economic performance in the reign of Brownback, which included this graph:
Figure 1: Private nonfarm payroll employment in Kansas (red), in US (blue), in logs normalized to 2011M01=0. Dashed line at 2011M01, Brownback term begins. Source: BLS, author’s calculations.
A&M Professor/Extension Economist Levi Russell writes “Your analysis is highly flawed”.
Revised Coincident Indices for the Midwest: Wisconsin at the Back of the Pack!
Again.
Wisconsin’s Dependence on Exports
On the eve of the primary votes in Wisconsin, where protectionists are set to make some inroads, it’s of interest to consider the state’s reliance on exports — including those to China (a target of both Senator Sanders and Mr. Trump) and Mexico [1].
Wisconsin Employment Still Lags (Quelle Surprise!)
BLS just released state level data. Wisconsin employment nonfarm payroll employment is up, but remains below what is expected given the historical relationship between US and Wisconsin employment — by 63.2 thousand…