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![Page 1: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/1.jpg)
General Economic Trends
Steven DellerDepartment of Agricultural and Applied Economics
University of Wisconsin – Madison/Extension
![Page 2: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/2.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201095
100
105
110
115
120
125
130
135
Overall Population Growth
Southwest Wisconsin WisconsinGreat Lakes States
12%
![Page 3: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/3.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201095
105
115
125
135
145
155
165
175
185
195
Overall Employment Growth
Southwest Wisconsin WisconsinGreat Lakes States
55%
![Page 4: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/4.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
20101.4
1.6
1.8
2.0
2.2
2.4
2.6
Population / Employment Ratio
Southwest Wisconsin WisconsinGreat Lakes States
![Page 5: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/5.jpg)
![Page 6: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/6.jpg)
0 1 2 3 4 5 6 7 8 9
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
1.0
“Clusters” for Southwest Wisconsin
LQ
LQ
Farming
Forestry Fishing, Related Activities
![Page 7: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/7.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201050
60
70
80
90
100
110
Farm Employment Growth
Southwest Wisconsin WisconsinGreat Lakes States
High employment dependency on a declining (jobs) industry?
![Page 8: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/8.jpg)
0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8
-0.2
0.0
0.2
0.4
“Clusters” for Southwest Wisconsin
LQ
LQ
Retail
State/Local Government
ConstructionManufacturing
![Page 9: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/9.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201095
115
135
155
175
195
215
Retail Employment Growth
Southwest Wisconsin WisconsinGreat Lakes States
![Page 10: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/10.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201050
100
150
200
250
300
Manufacturing Employment Growth
Southwest Wisconsin WisconsinGreat Lakes States
![Page 11: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/11.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201095
105
115
125
135
145
155
165
175
State and Local Govt Employment Growth
Southwest Wisconsin WisconsinGreat Lakes States
![Page 12: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/12.jpg)
19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201095
105
115
125
135
145
155
165
Southwest Employment Growth
State & Local Govt Total Employment
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19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
201050
100
150
200
250
300
Southwest Wisconsin Employment Growth
State & Local Govt FarmManufacturing Retail
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19701973
19761979
19821985
19881991
19941997
20002003
20062009
10000
15000
20000
25000
30000
35000
40000
Real Per Capita Income Growth (2005$)
Prosperity Southwest Wisconsin WisconsinGreat Lakes States
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19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
20100.60
0.65
0.70
0.75
0.80
0.85
0.90
0.95
1.00
1.05
Real Per Capita Income Compared to the Great Lakes (2005$)
Southwest Wisconsin Wisconsin
![Page 16: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/16.jpg)
Wages and Salaries
Other Labor Income
Proprietors Income
Dividends, Interest and Rental Income
Government Transfer Payments to Persons
0 0.1 0.2 0.3 0.4 0.5 0.6
Sources of Income 2010
Great Lakes States Wisconsin Southwest Wisconsin
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19701972
19741976
19781980
19821984
19861988
19901992
19941996
19982000
20022004
20062008
20100%
10%20%30%40%50%60%70%80%90%
100%
Sources of Income For Southwest Wisconsin
Wages and Salaries Other Labor Income Proprietors Income Dividends, Interest and Rental Income Government Transfer Payments to Persons
Aging Population
Small Businesses
![Page 18: General Economic Trends Steven Deller Department of Agricultural and Applied Economics University of Wisconsin – Madison/Extension.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e0c5503460f94af53fb/html5/thumbnails/18.jpg)
Agriculture, Forestry, Fishing and Hunting
Mining, Quarrying, and Oil and Gas Extraction
Utilities
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Warehousing
Information
Finance and Insurance
Real Estate and Rental and Leasing
Professional, Scientific, and Technical Services
Management of Companies and Enterprises
Administrative and Support and Waste Management and Remediation Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment, and Recreation
Accommodation and Food Services
Other Services (except Public Administration)
0% 20% 40% 60% 80% 100%
50 to 249 10 to 49 1 to 9
Wisconsin Firms by Employment Size (2010)
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LESS THAN $10,000
$10,000 to $19,999
$20,000 to $29,999
$30,000 to $44,999
$45,000 to $59,999
$60,000 to $74,999
$75,000 to $99,999
$100,000 to $124,999
$125,000 to $149,999
$150,000 to $199,999
$200,000 or MORE
0%
5%
10%
15%
20%
25%
Southwest Wisconsin Wisconsin Great Lakes
Income Distribution of Southwest Wisconsin Households (2005$)
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LESS THAN $10,000
$10,000 to $19,999
$20,000 to $29,999
$30,000 to $44,999
$45,000 to $59,999
$60,000 to $74,999
$75,000 to $99,999
$100,000 to $124,999
$125,000 to $149,999
$150,000 to $199,999
$200,000 or MORE
0%
5%
10%
15%
20%
25%
Income Distribution of Southwest Wisconsin Households (2005$)
1990 2010
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19671969
19711973
19751977
19791981
19831985
19871989
19911993
19951997
19992001
20032005
20072009
0.30
0.32
0.34
0.36
0.38
0.40
0.42
U.S. Wage Income Inequality (Gini Coefficient)
Widening Income Gap
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OccupationTotal
Annual Openings
Avg WageEntry Wage
Total, All Occupations 3110Food Preparation and Serving Related Occupations 430 20,120 16,930 Offi ce and Administrative Support Occupations 420 30,260 19,720 Sales and Related Occupations 390 28,870 17,090 Production Occupations 280 31,640 20,640 Healthcare Practitioners and Technical Occupations 230 63,340 31,140 Transportation and Material Moving Occupations 230 34,660 23,170 Education, Training, and Library Occupations 190 43,580 25,930 Personal Care and Service Occupations 150 22,940 17,010 Business and Financial Operations Occupations 130 53,890 31,440 Healthcare Support Occupations 120 27,370 20,380 Management Occupations 110 79,550 39,950 Protective Service Occupations 110 37,650 23,230 Installation, Maintenance, and Repair Occupations 100 40,130 25,800 Construction and Extraction Occupations 90 41,170 26,020 Computer and Mathematical Occupations 60 60,930 38,480 Building and Grounds Cleaning and Maintenance Occupations 60 24,310 16,980 Community and Social Services Occupations 50 41,410 25,580
Poverty level for family of four (two children): $22,811
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