Author: Bill Hodgkiss Date: 02/05/2020

ICB Economic Update - Winter 2020

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 regional economies slowed in the second half of 2019, with employment and hiring both trending downward. Wage pressures continue to increase hiring tension as annualized wage growth of 2.8 percent has extended hiring duration. Decreases in manufacturing orders and inventories have hurt manufacturers throughout the region and amplify the longer-lasting impacts of trade tensions. Recent trade agreements with China and ratification of the USMCA promise to bring some certainty to the agricultural and manufacturing sectors, thought each have suffered over the past several years. It is uncertain as to whether continued tensions in the European Union and the conclusion of Brexit will have significant local effects. Real estate markets remain strong with new housing starts increasing in Central Wisconsin and valuations growing in Central and Northeast Wisconsin. Contractors have used the early mild winter to catch up on outstanding work and to attempt to get ahead of the coming spring season. 

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.”

Want to learn more about the Lakeshore economy? 

Wondering how national and global economic trends impact the Lakeshore economy? Join us Wednesday, February 12, 2020 as Holy Family College's President's CEO Breakfast Series presents Elliot Eisenberg. Known as "The Bowtie Economist," Dr. Eisenberg is the president, chief economist and founder of Graphs and Laughs, LLC, which uniquely specializes in making the arcana and minutiae of economics entertaining and relevant. 

This is sure to be an entertaining and educational program...get your tickets today! To learn more or order tickets, visit: https://www.holyfamilycollege.edu/community-and-events/campus-events/ceo-breakfast-series

CEOBreakfast Mobile Slider - Elliot Eisenberg

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.