July was down, and we gained’t have August numbers till September twentieth (perhaps a day earlier from DWD). Utilizing official nationwide nonfarm payroll employment, Wisconsin employment is rising.
Determine 1: Wisconsin nonfarm payroll employment (daring black), forecast based mostly on US NFP (crimson) and +/- 1 customary error band (grey strains), and Division of Income Could 2024 forecast (gentle blue strains), all in 000’s, s.a. Forecast based mostly on first log differenced Wisconsin and US employment, 2021M07-2024M06, dynamically forecasted. Vertical axis is on log scale. Supply: BLS, DoR (Could), and creator’s calculations.
Curiously, this discovering means that the July (preliminary) determine for employment might be revised upward, albeit with substantial slowing (the vertical axis is on a log scale so one can learn flatter slope as reducing share development).
