Sunday, April 17, 2011

This is a Major Recovery Indicator



In economic growth cycles, hiring usually lags behind. Growth in activity and income are needed to support new jobs. And right now, especially in Wisconsin, manufacturers are hiring. A Journal Sentinel article put it this way:

Wisconsin's status as the leading manufacturing state in the nation, as measured by the proportion of its workforce engaged in manufacturing, has translated into a faster job recovery for that portion of the economy here.


"Our manufacturing sector got hit pretty hard during this recession," said Scott Brave, senior business economist at the Federal Reserve Bank of Chicago. "The interesting thing is it has also come back much more strongly as well."

You can read the full article here.