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.
Below are some of the most important highlights from the fall 2018 edition of the ICB Economic Update Newsletter:
- Both the Central and Northeast Wisconsin economies continued their stable growth trends in the third quarter of 2018, with several key indicators pointing toward another prosperous year. The theme of this quarter's indicators is "uncertainty."
- Employment growth continues at a robust 1.5 percent annualized growth (Northeast) and 1.2 percent annualized grown (Central), with unemployment near historic lows. Employers in Northeast Wisconsin are currently seeking candidates for more than 17,600 active openings in a highly competitive marketplace. In Central Wisconsin, there are more than 1,300 active job openings.
- The outlook for 2019 continues to muddy, with increasing commodity and equity volatility blending with political uncertainty, and tightening and costlier credit markets. The near-term domestic outlook remains bullish, with unemployment and inflation expected to remain near current levels into 2019. Near-term growth is expected to continue with quarterly GDP growth of 4.2 percent in Q2 and a preliminary 3.5 percent in Q3. However, it's possible that the current growth pace is beginning to slow.
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.”
View Central Wisconsin Newsletter
View Northeast Wisconsin 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.