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Jeffrey Sachse Economist, Office of Economic Advisors

A FEW COMMENTS ON MANUFACTURING IN OSHKOSH. Presentation for the Oshkosh Manufacturing Cluster. Jeffrey Sachse Economist, Office of Economic Advisors Wisconsin Department of Workforce Development. September 17, 2014. ECONOMIC RECOVERY - HOW IS THIS ONE NOT LIKE THE OTHER ONES. 2.

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Jeffrey Sachse Economist, Office of Economic Advisors

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  1. A FEW COMMENTS ON MANUFACTURING IN OSHKOSH Presentation for the Oshkosh Manufacturing Cluster Jeffrey Sachse Economist, Office of Economic Advisors Wisconsin Department of Workforce Development September 17, 2014

  2. ECONOMIC RECOVERY - HOW IS THIS ONE NOT LIKE THE OTHER ONES 2

  3. JOBS RECOVERY- HOW IS THIS ONE NOT LIKE THE OTHER ONES

  4. RECESSION COMPARISONSLAGGING ACROSS ALL INDICATORS 4

  5. MANUFACTURING HAS BEEN LEADING RECOVERY NATIONALLY

  6. PROJECTED INDUSTRY GROWTH WILL BE MODEST WISCONSIN PROJECTED EMPLOYMENT GROWTH: 2012-2022

  7. NATIONAL NEW ORDERS ARE REACHING PRE-RECESSION LEVELS

  8. AS CAPACITY INCREASES, PRODUCTIVITY IS AT HISTORIC HIGHS

  9. EMPLOYMENT GROWTH HAS FLUCTUATED BUT REMAINS STRONG

  10. Source: Current Employment Statistics, U.S. Bureau of Labor Statistics

  11. LABOR FORCE STAGNATION MAY CONSTRAIN FUTURE GROWTH Source: Bureau of Labor Statistics, OEA

  12. THE WINNEBAGO COUNTY MANUFACTURING WORKFORCE IS AGING RAPIDLY Source: Quarterly Workforce Indicators, U.S. Census Bureau

  13. LABOR DEMANDS IN WINNEBAGO COUNTY ARE WIDESPREAD AND DIVERSE

  14. INDUSTRY DEMANDS ARE EQUALLY VARIED

  15. PROJECTED STATEWIDE DEMANDS TO 2022 HEAVILY INFLUENCED BY REPLACEMENT RATES

  16. NATIONAL WAGES ARE INCREASING BUT LAGGING BEHIND INFLATION

  17. Questions ?

  18. CONTACT INFORMATION • Jeff Sachse • Phone: 920-448-5268 • Email: jeff.sachse@dwd.wisconsin.gov • Website:www.dwd.wisconsin.gov • OEA website: www.dwd.wisconsin.gov/oea

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