The Wisconsin Economy:

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Presentation transcript:

The Wisconsin Economy: What Does the Future Hold with a Focus on Agriculture Steven Deller Department of Agricultural and Applied Economics University of Wisconsin-Madison Center for Community and Economic Development University of Wisconsin-Extension

From 1976 the average monthly unemployment rate for Wisconsin is 5.6%

From 1969 the average annual growth rate for Wisconsin is 1 From 1969 the average annual growth rate for Wisconsin is 1.38%, since the end of the Great Recession it has been 1.18%

Growth Rate in Gross Domestic Product The historical average quarterly growth rate (annualized) since 1947 has been 3.2%, and the consensus forecast over the next year is 2.7%. Growth Rate in Gross Domestic Product Source: Wall Street Journal January 2018 Survey (n=67)

Federal Funds Interest Rate Source: Wall Street Journal January 2018 Survey (n=67)

Corporate Bond Interest Rate Source: Wall Street Journal January 2018 Survey (n=67)

Unemployment Rate The unemployment rate is expected to stabilize between 3.7% over the next few years, then tick upward. Since 1947, the average monthly unemployment rate has been 5.8%. Source: Wall Street Journal January 2018 Survey (n=67)

Inflation Rate (Consumer Price Index) The inflation rate is expected to modestly to less than 2.25%. Since 1947 the average rate of inflation using the standard Consumer Prices Index has been 3.6% Source: Wall Street Journal January 2018 Survey (n=67)

Average: 13.1% Std: 6.0 Low: 0.0% High: 25.0% Source: Wall Street Journal January 2018 Survey (n=67)

Source: Wall Street Journal January 2018 Survey (n=67)