From the November Wisconsin Economic Outlook (released December 13):
Category Archives: Wisconsin
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.
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.