The Philadelphia Fed released the coincident index for June today. Wisconsin has re-attained economic activity levels recorded at the NBER peak of February 2020.
Category Archives: Wisconsin
Wisconsin Manufacturing Employment and Manufactured Exports
Does Wisconsin’s fortunes — as a manufacturing heavy state — depend on what happens in the rest-of-the world? The answer is, partly, yes…
Wisconsin Employment in June 2021: Halting Growth Continues
Employment numbers for June were released for today.
Wisconsin GDP in Q1
Wisconsin GDP has recovered largely in line with the US, but the bifurcation in economy remains.
Wisconsin Economic Activity in May
Employment numbers for May were released for today.
Wisconsin Goods Exports during the Trump Trade War
Even before Covid-19 struck, Wisconsin exports were declining despite a sideways-trending dollar…
Wisconsin’s Recovery: Employment, Coincident Index, GDP, Personal Income
In progress, but incomplete.
Enhanced Unemployment Benefits in Wisconsin and Disincentives
From WPR, “Top Wisconsin Republicans Call For Ending Enhanced Unemployment Benefits”:
Two of the Legislature’s top Republicans say they’ll pass a bill that would cut off federal unemployment insurance benefits that were added during the COVID-19 pandemic, saying they’re no longer needed and they’re making it harder for businesses to find workers.
Donald Trump’s “eighth wonder of the world” shrinks from $10 billion to $674 million
Article from Reuters, “Foxconn mostly abandons $10 billion Wisconsin project touted by Trump”:
Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and cut the number of new jobs to 1,454 from 13,000.
The Foxconn-Wisconsin deal was first announced to great fanfare at the White House in July 2017, with Trump boasting of it as an example of how his “America first” agenda could revive U.S. tech manufacturing.
My discussion in 2017, citing Legislative Fiscal Bureau assessment, here. Formal modeling of possible economic impacts from CROWE in 2017, and critical assessment by Mercatus of the package here.
And, all of us are wondering – where is Scott Walker?
Wisconsin GDP in Q4
BEA has just released state level GDP for 2020Q4. Wisconsin is down slightly more than the US overall (3% vs 2.4%) relative to NBER peak at 2019Q4, and for 2020 overall at approximately the level forecasted in November. Manufacturing had recovered to prior peak, while accommodation and food services were down 27.6% (all percentages calculated as log differences).