{"id":229951,"date":"2024-06-08T16:53:35","date_gmt":"2024-06-08T16:53:35","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/08\/wisconsin-economic-outlook-may-2024\/"},"modified":"2025-06-25T17:17:32","modified_gmt":"2025-06-25T17:17:32","slug":"wisconsin-economic-outlook-may-2024","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/08\/wisconsin-economic-outlook-may-2024\/","title":{"rendered":"Wisconsin Economic Outlook: May 2024"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-52494\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>The employment forecast improves \u2013 from <a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=010787443000490949541:h8ecrqyigpc&amp;q=https:\/\/www.revenue.wi.gov\/DORReports\/2024-05-wi-forecast.pdf&amp;sa=U&amp;ved=2ahUKEwjhxPHwq8yGAxURMlkFHZa3A9gQFnoECAkQAQ&amp;usg=AOvVaw2xQNB89VAB1_zZzdlryH1m&amp;arm=e&amp;fexp=72519171,72519168\">Wisconsin DoR<\/a>:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52495\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24.png\" alt=\"\" width=\"864\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24.png 864w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24-300x195.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24-768x499.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/wiemplpix_apr24-624x405.png 624w\" sizes=\"(max-width: 864px) 100vw, 864px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Wisconsin nonfarm payroll employment (bold black), forecast from Nov. \u201923 (red), from Feb. \u201924 (tan), and May \u201924 (sky blue), all in 000\u2019s, s.a. Source: BLS, Wisconsin Department of Revenue.<\/em><\/p>\n<p>Hence, since <a href=\"https:\/\/econbrowser.com\/archives\/2024\/01\/is-wisconsin-in-recession\">Wisconsin GOP\u2019s January statement that Wisconsin was in recession<\/a>, employment has grown. While it is possible for employment to increase even as a state is in recession, this combination seems highly improbable.<\/p>\n<p>With a positive reading on national employment, it\u2019s unsurprising that the Department of Revenue sees continued growth in Wisconsin employment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/06\/wisconsin-economic-outlook-may-2024\" title=\"8:39 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-06-08T08:39:45-07:00\">June 8, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/06\/wisconsin-economic-outlook-may-2024\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The employment forecast improves \u2013 from Wisconsin DoR: Figure 1: Wisconsin nonfarm payroll employment (bold black), forecast from Nov. \u201923 (red), from Feb. \u201924<\/p>\n","protected":false},"author":1,"featured_media":229952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/229951"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=229951"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/229951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/229952"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=229951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=229951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=229951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}