After adding only 200 jobs in November, Wisconsin recovered some dynamism in December, adding 6,200 jobs, according to the latest data from the Federal Bureau of Labor Statistics. Still, six years since the beginning of the recession, Wisconsin is far from the full recovery workers desperately need.
Wisconsin’s job deficit now stands at almost 139,800. Job growth has been so weak that Wisconsin still has fewer jobs – 41,300 fewer jobs – than in 2007 before the Great Recession. Wisconsin’s population has grown since then. Just to keep up with that growth, Wisconsin needs to add another 98,500 jobs. These two numbers added together – 139,800 – account for the current Wisconsin Job Deficit.
The slow job growth has been too small over the recovery to close the gap. Too many workers are still waiting for job growth that will help them secure new jobs or get the hours of work they need. Adding 6,200 jobs per month (as we did last month) means that recovering all of the jobs lost since 2007 would take almost two more years.