Jobs forecast improves – by Department of Wisconsin Region:
Figure 1: Nonfarm payroll employment in Wisconsin (bold black), forecast for November 2023 (red), February 2024 (beige), and May 2024 (sky blue), all in thousands, its Source: BLS, Wisconsin Department of Revenue .
So, since January statement from the Republican Party of Wisconsin that Wisconsin was in a recession, employment increased. While it is possible for employment to increase even when a state is in recession, this combination seems highly unlikely.
With a positive national employment reading, it’s no surprise that the Department of Revenue is seeing continued job growth in Wisconsin.
