Wisconsin's January employment data (including annual revisions) are out. Here is a picture of some indicators.
figure 1: Wisconsin nonfarm payrolls (dark blue), Philadelphia Fed early benchmark measure of nonfarm payrolls (pink), civilian employment (tan), real wages and salaries, by the National Chain Consumer Price Index (sky blue) ), GDP (red), synchronization index (green) for deflation), all recorded in the log 2021M11=0.Source: Bureau of Labor Statistics, Bank of East Asia, Federal Reserve Bank of Philadelphia [1], [2]and the author's calculations.
State-level data as of March 2, the Baumeister/Leiva-Leon/Sims weekly economic conditions index is out.
source: WECI, viewed on March 8, 2024. Annual growth rate relative to national trends.
although WisGOP has been talking about Wisconsin's recessionI'm having a hard time seeing that in the employment data so far.
