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Federal Reserve Bank: Wisconsin economic recovery lags

UNDATED (WSAU-Wheeler News)  Another report shows that Wisconsin’s economic recovery lags behind most other states.

The Federal Reserve Bank of Philadelphia ranks the Badger State 49th in an index of leading economic growth indicators. Wisconsin was one of just five states to have an overall decline in those indicators, with a negative index of 0.74 percent. Only Wyoming is worse, at negative 1.29 percent.

The Milwaukee Journal Sentinel says Wisconsin is being held back by a large manufacturing base that’s struggling to keep up strong foreign competition. Other recent federal reports showed that Wisconsin is 44th among the 50 states in creating jobs – and the state has had the nation’s fifth-worst drop in private-sector wages at 2.2-percent.

William Delwiche of Milwaukee’s Robert W. Baird-and-Company says it’s hard to reach too many conclusions, because accurate data is not often available on a real-time basis. Still, he says quote, “Wisconsin clearly is not leading the recovery.”