The Wisconsin Department of Revenue’s Economic Outlook May forecast came out yesterday. As the US outlook (from S&P Global Market Insights, formerly Macroeconomic Advisers and IHS Markit) has improved, so too has that of Wisconsin.
Category Archives: Wisconsin
Wisconsin GDP in 2022
Wisconsin GDP growth slackened in 2022Q2-Q3, lagging the national deceleration.
Wisconsin Economic Outlook, Benchmark Revised Wisconsin Employment and GDP
The February Wisconsin Economic Outlook forecast was just released yesterday. So too were January 2023 estimates for Wisconsin employment (incorporating annual benchmark revisions). How does the outlook look, given the data revisions? Pretty good in the short term. Over the next year – reflecting the forecast for the Nation – not as nice, with employment projected to decline modestly.
The Wisconsin Economic Outlook and the Impact of Recent Policies
Last Thursday, I talked on WPR’s Central Time about the national economy and Wisconsin’s outlook given President Biden’s policies. I noted that the macro outlook had improved substantially since last December, as the economy proved more resilient than expected, and inflation decelerated more than anticipated. That was true nationally, as well as locally.
The Wisconsin Outlook: The State Follows the Nation
From the November Wisconsin Economic Outlook (released December 13):
Jobs vs. Employment in the CES and CPS Employment Series
A reader asserts that Senator Johnson, in stating “It’s not like we don’t have enough jobs here in Wisconsin.” means that I should be reporting number of jobs, not number of people employed. However, in the previous post, I was exactly showing manufacturing and nonfarm payroll employment jobs (drawn from the Current Establishment Survey), which refer to the number of jobs, to wit:
“It’s not like we don’t have enough jobs here in Wisconsin” – Ron Johnson, February 2022
Article here. How’s Wisconsin doing, jobwise — particularly in terms of the manufacturing employment that Senator Johnson declined to try to bring to Wisconsin?
Prediction Markets on Wisconsin Races
From PredictIt today:
“Neither model could identify this effect as different from 0.”
Key phrase buried in the Appendix to the Badger Institute‘s study entitled: “Unemployment (Over)compensation: How the federal supplemental unemployment benefits impacted unemployment during the pandemic” (April 2022).
Wisconsin Employment and GDP: Actual and Outlook
The Wisconsin Department of Revenue released its February Economic Outlook on Monday.