{"id":348494,"date":"2025-09-26T01:17:04","date_gmt":"2025-09-26T06:17:04","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/26\/wisconsin-hammered-by-tariffs-econbrowser\/"},"modified":"2025-09-26T01:17:04","modified_gmt":"2025-09-26T06:17:04","slug":"wisconsin-hammered-by-tariffs-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/09\/26\/wisconsin-hammered-by-tariffs-econbrowser\/","title":{"rendered":"Wisconsin Hammered by Tariffs? | Econbrowser"},"content":{"rendered":"

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Yes, if the Philadelphia Fed Early Benchmark is closer to right.<\/p>\n

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Figure 1:<\/strong> Panel A: Average effective tariff rate, % (black), Panel B: Wisconsin Nonfarm Payroll Employment from CES (blue), Implied Preliminary Benchmark Revision (bold tan), Early Benchmark (bold green), QCEW covered employment, seasonally adjusted by author using geometric X-13, plus rescaled by adding 97,000 (pink), all in 000\u2019s, s.a. Source:\u00a0Pawel Skrzypczynski<\/a>, BLS via FRED, BLS and author\u2019s calculations, Philadelphia Fed<\/a>, BLS(QCEW), and author\u2019s calculations.<\/em><\/p>\n

Recall from April on, changes in the implied preliminary benchmark are the same as the official CES series. Hence, those observations are not benchmarked.<\/p>\n<\/p><\/div>\n


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