Officials’ Forecast Predicts Weakened Economy In Wisconsin
A new forecast by the state Department of Revenue said that Wisconsin’s economy has weakened since the spring, following trends seen nationally.
The report released Friday predicts the state’s economy will see moderate growth in the fall with employment expected to increase 1.1 percent by the end of the year after declining for three consecutive years. It’s projected to go up just 1 percent in 2012.
The report said Wisconsin employment will not return to the peak of 2.9 million jobs seen in 2008 until early 2015.
Combined with population growth estimates, that means by 2015 there will be 200,000 more people living in the state, but the same number of jobs as early 2008.