Nominal and real exports are down.
Figure 1: Wisconsin goods exports, mn $/mo (blue), in mn 2000$/mo (red), seasonally adjusted by author using X-13. Source: Census, BLS, and author’s calculations.
Manufacturing employment continues to decline, contra Mr. Trump’s promise that tariffs would rescue manufacturing employment.
Figure 2: Wisconsin manufacturing employment, 000’s (blue). Source: BLS.
Total private employment has essentially flatlined since September 2024.
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