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From DWD launch as we speak:
Determine 1: Wisconsin manufacturing employment, 000’s, s.a. (blue). Supply: BLS, DWD.
Manufacturing employment in Wisconsin is now under January 2025 ranges. Tariffs haven’t had, up to now, the salutory impact on manufacturing employment promised by President Trump.
Alternatively, nonfarm payroll (NFP) employment rose by 8600 (whereas civilian employment fell by 6000). Incorporating the preliminary benchmark revision, Wisconsin NFP is now 9500 above the prior peak in August 2024.
Determine 2: Wisconsin Nonfarm payroll employment (blue), and implied preliminary benchmark NFP (tan), 000’s, s.a. Supply: BLS, DWD.
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