WAUKESHA — The metro Milwaukee
economy improved slightly in May compared to April, according to the
most recent report from the Metropolitan Milwaukee Association of
Commerce, which said 11 of 22 indicators pointed in a positive
direction versus year-ago levels.
In April, there were only 10 improvements, according to the MMAC.
“The current economic environment is a mixture of both positive and
cautionary trends,” said Bret Mayborne, the MMAC’s economic research
director. “On the one hand, overall job totals in the metro area are
inching toward an all-time record, but at the same time the
aggregate total of upward pointing indicators is at the low end of
its range in the current economic expansion.”
Highlights of the report include:
■ Nonfarm employment numbered 880,900 in May, a 0.7% increase from
one year ago. May’s gain ranks marginally higher than the average
year-over-year gain (+0.6%) posted over the course of 2019’s first
■ May’s overall employment increase was based on a fairly narrow
industry base. In total only four of 10 major industry sectors
registered year-over-year growth. The education & health services
sector posted May’s strongest gain, up 3.3% from year-ago levels.
■ Manufacturing indicators were mixed. Manufacturing employment rose
for the 14th consecutive month (vs. year ago levels) but hours and
earnings indicators for manufacturing production workers were
>>RELATED: US added a robust 224,000 jobs in June after weak May