MADISON, Wis. – This week, an analysis from UpNorthNews highlighted how President Biden and Governor Evers have led a historic economic recovery for Wisconsin.
“Jobs: Wisconsin’s economy has added 72,100 jobs since the start of last year; including 13,700 manufacturing jobs. Those job gains have been accompanied by a falling unemployment rate, from 4.5% in January of 2021 to just 2.8% today.
“GDP: Wisconsin’s real gross domestic product (GDP) is booming – growing by more than 6% in the last quarter of 2021. That’s more than 8% better than the 4th quarter of 2020, during the depths of the pandemic, and four times more than in the 4th quarter of 2019.
“Poverty: Wisconsin’s supplemental poverty rate has fallen to 5.4% as of last year, down from 9.1% in 2018.
“How individuals feel about the economy matters. Ensuring families feel economic security is essential to that feeling. And by that ‘measure’, along with what’s happening in the stock market, it’s not surprising that confidence in the state’s economy isn’t sky high. But when you just look at the numbers, it’s hard not to think confidence should be higher.”