From PredictIt today:
Category Archives: Wisconsin
“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.
Benchmarked January Employment in Wisconsin
DWD released benchmarked employment in Wisconsin yesterday. Overall employment was higher in 2021 than earlier estimated, but the slowdown in now more pronounced.
A Wisconsin Labor Shortage?
I talked briefly on WPR’s Here and Now yesterday, on the Wisconsin “labor shortage”. After making my obligatory comment that economists would not use the term “shortage” to characterize Wisconsin’s situation, as there were (and are) no barriers to private firms to raising wages and benefits (see this post). However, supply could be constrained — either because of the presence of benefits (e.g., enhanced pandemic-related unemployment insurance), accumulated savings from the previous pandemic rescue packages, perceived increased disutility of work, or fear of illness. But higher wages and more flexible working situations could mitigate the high ratio of job openings to employment.
Wisconsin Exports in a Post-Trump Trade War, Mid-Pandemic World
Despite the improvement in nominal exports ascribed to Wisconsin after Trump, real exports haven’t really recovered – and may not until global economic recovery. What does this mean for Wisconsin employment?
Neoclassical Labor Supply Reduction, Labor Demand Decline, or Disequilibrium in Wisconsin
I see constant references to labor shortages in the Wisconsin economy (e.g, [1]). I think it’s important to understand the word “shortage” is not being used in the sense that a neoclassically trained economist would use the term.
Wisconsin Employment, 1990-2021
Senator Ron Johnson has recently observed:
“It’s not like we don’t have enough jobs here in Wisconsin.”
Senator Ron Johnson and Bringing Jobs to Wisconsin
Senator Ron Johnson, on Foxconn, in 2018:
Economic Activity in Wisconsin – Assorted Macro Metrics
A reader observes, there are “So many ways to compare “performance”. That’s so true!