economy

channel3000_communities, flickr

Oscar Mayer on Wednesday announced that it will close its plant in Madison in 2017 leaving around 1,000 people unemployed. 

The news followed an announcement by Joy Global that it plans to lay off more than 100 people in the Milwaukee area starting this month, and reports of Wisconsin based Quad Graphics closing plants elsewhere in the country.

WUWM's LaToya Dennis caught up with Marquette University economics professor Abdur Chowdhury to find out what’s going on.

(vincent desjardins) / Flickr

The headlines have suggested that the third quarter of the fiscal year was not a bright one for Milwaukee's Harley-Davidson.

Ted Eytan / Flickr

Millennials make up the largest portion of Wisconsin's workforce, according to U.S. Census Current Population Surveys data. 

Spencer Platt / Getty Images

Following last week’s address by Pope Francis, world leaders are gathering at the United Nations this week to go about the process of setting strategic goals for the coming fifteen years. 

The goal-setting comes at a time when world tensions are rising, thanks to ongoing refugee crisis in the Middle East and Europe, and Russia’s recent efforts to exert its influence in eastern Europe. 

bioforward.org

A report out this week offers a snapshot of an increasingly important sector of the Wisconsin economy. 

The report quantifies the economic output of the state’s bioscience sector, and how it relates to other Wisconsin industries. 

The report was commissioned by BioForward, the trade association for the bioscience industry.  It was released Wednesday, at the group’s Bioscience Summit in Madison. 

Simon King / Flickr

Last week, the U.S. Labor Department reported that unemployment fell to 5.1 percent, its lowest level in seven years. But that figure only tells part of the story. August was a below-average month for new jobs nationwide, and wages grew at a rate below what the Federal Reserve had hoped for the sake of the economy at large.

epSos .de / Flickr

The financial markets in this country rebounded somewhat yesterday before falling once again. The now four-day trend was brought on, in part by turmoil in the Chinese economy.

"They are in a position to manipulate their currency," Lake Effect's foreign policy contributor Art Cyr says. "They've tried to do that to gain advantage, but as the current market crash shows, that doesn't really gain you an advantage over the long term."

Kari / Flickr

Political analysts describe Wisconsin as purple – neither liberalism’s traditional blue, nor conservatism’s typical red.  The state’s deep political divides are well-documented, but often in terms of political party or philosophy.

A Wisconsin researcher is looking at a divide of a different kind. Kathy Cramer, a political science professor at UW-Madison, has been researching the rural-urban gap and how it affects Wisconsin politics.

Nicholas Eckhart / Flickr

Almost exactly a month from now, the climate for grocery shopping in southeastern Wisconsin will see some significant changes.

The first two Meijer stores in the state – in Grafton and Kenosha – will open their doors. The 190,000 square foot stores will feature the sorts of products you’d find at both a supermarket and also a retailer like Target, following the supercenter model.

Meijer seeks to be a one-stop shopping center and hopes that their company's philosophies will appeal to Wisconsinites and their Midwestern values.

Backbone Campaign / Flickr

As negotiations over the TPP are continuing, it’s generating some unusual political alliances.  Lake Effect essayist Avi Lank surprised himself a little when he considered the trade deal’s merits:

AgriLife Today / Flickr

We're just under two months away from the April 15th deadline for filing your income tax returns for the past fiscal year. 

velkr0, flickr

How important are small businesses to the state's economy?

Wisconsin companies and the U.S. economy excelled in 2014, according to Brian Jacobsen.

Wikimedia commons

Last week, Milwaukee’s non-partisan Public Policy Forum released its newest report. Under the microscope this time was the health of the area’s non-profit sector. The report looked at levels of growth, both in terms of numbers of not for profit organizations, as well as trends in contributions and revenue.

Thea Treiber

You've probably never noticed the low-slung, unassuming building on Calhoun Road in Brookfield.

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