I’ve gotten jaded by getting regular emails alerting me to the fact a new Wisconsin Economic Outlook Forecast or Monthly Economic Update (the latest just out, here). In addition, DoR has substantially expanded its interactive data visualizations here. But after a little thought, I really have to say it’s been a sea change in openness since Governor Walker exited.
Category Archives: Wisconsin
Wisconsin GDP through ’23Q1
State level GDP figures for Wisconsin was released last week. Here’s a picture of that series, compared to the Evers Administration’s forecast, and a naive forecast based on US GDP and lagged WI GDP.
The Labor Market – Bargaining Power, Wages, Inflation
From WPR yesterday, UW Madison experts:
The Wisconsin Economic Outlook: Downturn Delayed (but Not Erased)
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.
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?