MMAC: Economic indicators holding steady

Freeman Staff

Jan. 5, 2019

MILWAUKEE — 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.

The MMAC reported that 12 of 23 monthly indicators tracked by the organization held steady in November compared to November 2017.

“Presently 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.”

Some 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 year-over-year job increases in November. The education and health services sector posted the largest gain — up 3.4 percent compared to November 2017 levels.

However, 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.