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Economic forecast shows improvement

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UNDATED (WSAU-Wheeler News)   Wisconsin’s short-term economic future appears to be a lot rosier than it was just three months ago. The Federal Reserve Bank of Philadelphia ranks the Badger State 20th in an index that predicts the economic growth of all 50 states over the next six months. In April, Wisconsin ranked a dismal 49th – second from the bottom. Since then, the data that was used for the April ranking was revised, and Wisconsin received a final ranking of 40th for that month. T

he predictions are based on things like unemployment claims, building permits, and manufacturing trends. Governor Scott Walker jumped on the new report, calling it proof that Wisconsin is heading in the right direction. He said Wisconsin’s building permits have risen by over 22-percent during the past year and unemployment claims are at quote, “pre-recession” levels.

The new state budget puts additional job searching and training requirements on those who receive jobless benefits.

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