On this weblog, I intermittently submit on Wisconsin macro aggregates. For micro assessments of Wisconsin’s labor markets and family welfare, I flip to Excessive Highway Technique Middle’s stories. From the 2024 report, listed below are 4 key graphs.
From the doc:
Job Market Hits Report Excessive in June 2024: Wisconsin Added Extra Than 25,000 within the Yr
In June 2024, the state set a brand new document excessive for jobs: 3,048,000. From July 2023- July 2024,
Wisconsin added 25,700 jobs.
Wages Up: Historic Excessive for Wisconsin’s One-Yr Median Wage Enhance
From 2022-23, the inflation adjusted median hourly wage elevated by 97 cents. Since 1979
(the primary yr dependable information for state wages is offered), the inflation adjusted median wage has elevated by this a lot solely twice: in 2019 and 2023.
Equalizing Wage Progress: Decrease-Wage Staff Make Stronger Features
In a reversal of tendencies for a lot of the final forty years, decrease wage employees in Wisconsin
skilled stronger wage development than increased wage employees. The hole has been closing within the
restoration from the pandemic shutdowns and has continued once more this yr.
Wisconsin Union Decline Worst in Area, Regardless of Unions’ Rising Reputation
The general public notion of unions improved dramatically over 2011-23, besides, Wisconsin’s
unionization price dropped by one-third (from 14 to eight.4 %) over the identical interval. This
decline outpaces the speed of deunionization of all neighboring states.
Wisconsin’s Working Ladies: Gender Pay Disparity Leaves Ladies Behind
In 2023, the ladies’s median wage was $22.03 whereas males’s median was $25.09. On the median, ladies earn 88 cents for each greenback a person earns. That is Wisconsin’s gender wage hole. It’s a lot smaller than in 1979 however stays vital, particularly for Black and Hispanic ladies within the state.
For extra dialogue, see Affiliate Director Laura Dresser on WIsconsin PBS (8/30).
Newest on Wisconsin macro aggregates, see right here. For extra on the financial system vs. “vibecession”, see my colleague J. Michael Collins on WIsconsin PBS (8/30).
