Wisconsin Job Watch - May Data Update

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July 02, 2014

After more than six years, the U.S. economy finally came back to pre-recession levels of employment in May. And that milestone makes it clear that the recovery is farther behind in Wisconsin. New data from the US Bureau of Labor Statistics shows that Wisconsin lost 1,000 jobs in April. The state’s job growth has been relatively consistent but slow. Just as the U.S. clears the 2007 high, Wisconsin is still far from recovering back to that level.

Wisconsin’s job deficit now stands at 129,330. The state still has 24,200 fewer jobs than in 2007 before the beginning of Great Recession. Wisconsin’s population has grown since then. Just to keep up with that growth, Wisconsin needs to add another 105,100 jobs. These two numbers added together – 129,300 – account for the current Wisconsin Job Deficit.

Wisconsin job growth over the course of the recovery has been slow. And while the national pace has been faster, neither Wisconsin nor the nation has strong enough job growth to absorb new workers supplied by continuing population growth. When the labor market is week, too many workers are still waiting to find a job or to have greater security and hours in their current job.