MILWAUKEE — The monthly report
from the Metropolitan Milwaukee Association of Commerce showed that
the area’s economy had a slow start in January with 11 of the 23
economic indicators moving in a positive direction.
That was an improvement, however, over December, which had nine
“Indicators of the metro area economy start 2019 sluggishly with
less than a majority of indicators tracked registering
year-over-year gains,” said Bret Mayborne, the MMAC’s economic
research director, in a statement. “Despite the slow start overall,
continuing and broad-based employment growth mark the highlights of
Some of the report’s highlights included that nonfarm employment in
the metro area rose at a 0.9 percent pace in January when compared
to January 2018 and job totals rebounded from the small
year-over-year job decline registered in December.
In addition, eight of 10 major industry sectors posted
year-over-year job gains in January with the other services sector
registering the largest such gain, up 3.9 percent. Among the two
major industry decliners, the steepest job decrease was posted in
the professional and business services sector, down 3.4 percent,
according to the MMAC.
Indicators for the manufacturing industry for January were mixed.
While employment rose 1 percent compared to January 2018, both
earnings indicators for production workers posted year-over-year
For local unemployment indicators, new unemployment compensation
claims fell at a 1.4 percent compared to one year ago; however, the
number of unemployed rose 2.2 percent in January, to 27,700.
Metro Milwaukee’s seasonally unadjusted unemployment rate ticked
upward in January, up 0.1 percentage points from one year ago. But,
metro Milwaukee’s 3.4 percent rate ranks below both Wisconsin’s 3.5
percent and the nation’s 4.4 percent rate.