About half of the economic indicators showed improvement in
September for metro Milwaukee, but it was the manufacturing industry
that shined the most, according to data released Wednesday by the
Metropolitan Milwaukee Association of Commerce.
The data showed
that of the major industry sectors, the manufacturing sector
registered the strongest year-over-year percentage job gain, with an
increase of 4 percent. The industry lagging the furthest behind was
the financial activities sector, which had the largest job decline
at 5.3 percent compared to September 2017.
Milwaukee’s local economic trend has been a bit lackluster in recent
months,” said Bret Mayborne, the MMAC’s economic research director,
in a statement. “While a majority of indicators are still pointing
upward, overall job gains have been tepid, offset in part by strong
growth in a number of manufacturing indicators.”
Milwaukee area’s 23 monthly economic activity indicators, 13 showed
improvement compared to September 2017.
Some of the
highlights of the report, Mayborne said, were nonfarm jobs in the
metro area averaged 874,500 in September, a 0.7 percent increase
over September 2017 levels.
said job growth in recent months “has been tepid.” The release says
that September’s 0.7 percent gain is behind the 0.9 percent average
increased posted compared to 2018’s first nine months and the
nation’s 1.7 percent September year-over-year gain.
MMAC reported that the length of the average workweek for
manufacturing production workers reached its second highest level in
its available record (2001 to present) was 43.7 hours in September,
up 4.5 percent from year-ago levels.