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Wisconsin’s Workforce Outlook

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Presentation on theme: "Wisconsin’s Workforce Outlook"— Presentation transcript:

1 Wisconsin’s Workforce Outlook
Dennis K. Winters Chief Economist Community Resiliency Symposium Department of Workforce Development November 9, 2017

2 How the Economy has Changed Economic Recovery
ECONOMIC RECOVERY HOW IS THIS ONE NOT LIKE THE OTHER ONES 2

3 How the Economy has Changed Job Recovery
JOBS RECOVERY HOW IS THIS ONE NOT LIKE THE OTHER ONES Latest Recession

4 How the Economy has Changed GDP Growth
20-year Moving Average Quarterly GDP Growth Source: Bureau of Economic Analysis, OEA

5 socio-economic policy
What will be the biggest socio-economic policy challenge in the next 20 years?

6 Wisconsin’s Workforce Growth Supply-side Constraints
WISCONSIN’S WORKFORCE GROWTH BECOMES FLAT Source: Bureau of Labor Statistics, OEA

7 Workplace Requirements Changes in Skills Used at Work
Nonroutine interactive Nonroutine analytical Routine manual Routine cognitive Nonroutine manual * Based on the Dictionary of Occupational Titles Source: Autor, Levy and Murnane, 2003 Source: K-12 Education and Economic Summit presentation by Alan B. Krueger, Princeton University

8 Use of Technology Fosters Growth
Source: James Bessen; Finance and Development, March 2015

9 Questions? Dennis Winters Chief Economist 608-267-3262

10

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