Wisconsin Job Watch - February Data Update

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April 13, 2015

The US Bureau of Labor Statistics has updated and adjusted its state labor market data series. The new data show that the state’s jobs base in February 2015 finally exceeds the previous high set in December 2007, just before the recession began. (The revisions to the series actually delayed the time for reaching in acheiving this benchmark.) Given these new data, it is clear that it has taken over seven years to simply return to the number of jobs that existed before the economic crisis. Wisconsin today has 13,900 more jobs than at the end of 2007. Instead of lagging the national recovery, it appears that the speed of the recovery in the state is finally beginning to match the national rate of growth. And in welcome news, the number of jobs added in February (14,900) is the strongest we have seen in seven years.

 

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