— Economic indicators for the metro Milwaukee area are holding
steady and are improving slightly for unemployment and employment,
according to data released Friday by the Metropolitan Milwaukee
Association of Commerce.
MMAC reported that 12 of 23 monthly indicators tracked by the
organization held steady in November compared to November 2017.
the monthly aggregate of positive indicators remains at the low
end of the range registered in the recovery period — with
November’s total matching the lowest since January, 2012,”
said Bret Mayborne, the MMAC’s economic research director, in a
statement. “Despite the recent slowdown, the majority of
indicators remain positive, with employment and unemployment
indicators continuing to progress, albeit modestly.”
of the report’s highlights include job growth in the metro area
continues to grow, but at a slower pace. Also, six of 10 major
industry sectors registered yearover- year job increases in
November. The education and health services sector posted the
largest gain — up 3.4 percent compared to November 2017 levels.
job declines were posted in four of 10 major industry sectors with
November’s steepest decline falling in the professional &
business services sector, down 3.6 percent versus year ago levels.