Author: Bill Hodgkiss Date: 11/06/2019

ICB Economic Update - Fall 2019

As a business bank, we know how important it is to keep current on economic conditions in your region and the state, but sometimes only national data is readily available. That’s why we bring you the ICB Economic Update newsletter. This quarterly newsletter gives you the latest information on employment growth, unemployment, job openings volume, housing starts and more. We hope this publication helps you get a clearer picture of what’s happening, both at the state level and in your own backyard.

Newsletter Highlights

The Central and Northeast Wisconsin economies experienced a slight downturn in the 3rd Quarter of 2019, with annualized employment rates pointing negative for the first time in the past two years. This is both a function of normal seasonal factors as well as growing concerns regarding slowdowns in manufacturing output and the risk to trade-exposed industries, including agriculture. The labor market remains quite robust with unemployment rates remaining at historic lows and wage rates continue to increase. It is expected that the end of the year will bring a return to stability as business leaders anticipate resolutions to several international trade events, including the ratification of the USMCA.

View Central Wisconsin Newsletter
View Northeast Wisconsin Newsletter

Want to know more about the conditions that affect your business – today and tomorrow? Click below to view the newsletter specific to your region. A link to the latest and archived issues can also be found on the ICB Business Blog home page by clicking on “Economic Update Newsletter.”

The ICB Economic Update newsletter is designed to provide valuable and timely information to help our customers grow their businesses. To learn more about what we can do to impact your growth and profitability, read our Top 4 Benefits of Working with a Community-Based Business Bank tip sheet.

Benefits of Community Business Bank 

Topics: General Business

 

Written by Bill Hodgkiss

Bill is Senior Vice President - Business Banking at Investors Community Bank. He joined ICB in 2016 when they merged with The Business Bank, where Bill served as President and CEO. Bill has almost 30 years of sales and banking experience. He holds a Bachelor’s of Business Administration from St. Norbert College.

 

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Views provided in this blog are general in nature for your consideration and are not legal, tax, or investment advice. Investors Community Bank (ICB) makes no warranties as to accuracy or completeness of information, including but not limited to information provided by third parties, does not endorse any non-ICB companies, products, or services described here, and takes no liability for your use of this information. Information and suggestions regarding business risk management and safeguards do not necessarily represent ICB’s business practices or experience. Please contact your own legal, tax, or financial advisors regarding your specific business needs before taking any action based upon this information.