Report: Wisconsin must recruit talent from out of state
A new report from Forward Analytics shows that increased migration from out-of-state employees will be necessary to offset gaps left by retirements over the next decade. The analysis found that Wisconsin needs to attract and retain more out-of-state families to address the state’s ongoing workforce challenges. Federal income tax return data from 2012 to 2020 found Wisconsin lost more than 105,000 tax filers identifying as families under the age of 26, while gaining fewer than 89,000 from other states.
Over the period analyzed, more than 460,000 families left Wisconsin, compared with just under 430,000 individuals moving into the state, a net loss of 30,000 families. Of the families that left the state, more than one-third moved to a bordering state, primarily Illinois and Minnesota.