From DWD release today:
Figure 1: Wisconsin manufacturing employment, 000’s, s.a. (blue). Source: BLS, DWD.
Manufacturing employment in Wisconsin is now below January 2025 levels. Tariffs have not had, so far, the salutory effect on manufacturing employment promised by President Trump.
On the other hand, nonfarm payroll (NFP) employment rose by 8600 (while civilian employment fell by 6000). Incorporating the preliminary benchmark revision, Wisconsin NFP is now 9500 above the prior peak in August 2024.
Figure 2: Wisconsin Nonfarm payroll employment (blue), and implied preliminary benchmark NFP (tan), 000’s, s.a. Source: BLS, DWD.
