Wisconsin Job Watch - October Update

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December 14, 2015

Jobs data from the Bureau of Labor Statistics show an increase of 16,000 jobs in Wisconsin this past month. While statistics are subject to monthly revisions, and the exact figure might change, this substantial increase is significant and likely to remain the best month for job growth of 2015. This increase in jobs is very good news for the Badger State which has been on a weak trajectory since the recovery began. Wisconsin now is firmly and consistently posting a job count well in excess of the number of jobs the state had on the eve of the Great Recession (December 2007).

 

Because the population has grown since the Great Recession, just getting back to the 2007 job base doesn’t provide the same sense of opportunity, however. For the labor market to provide the same level of opportunity for our current population, the state job market is still 95,000 jobs short. In fact, even if this strong rate of job growth were maintained –a difficult feat in itself–the state is still half a year from recovering to the level of opportunity in 2007.

 

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