Worker shortages may help stave off recession for Wisconsin

The latest data from the U.S. Bureau of Labor Statistics shows Wisconsin unemployment continued to decline to historic levels in December, a sign one economist says indicates the overall health of the state’s economy, according to a report from The Capital Times.

Wisconsin Department of Workforce Development chief labor economist Dennis Winters says the most significant issue the state now faces is a labor force that has been flattening for decades and could begin shrinking by 2035.

However, Winters notes that ongoing “worker quantity challenge” could insulate the state should the Federal Reserve’s efforts to control inflation trigger a recession because Wisconsin employers are still desperately in need of workers.