A UW-Madison economist says Wisconsin is likely headed for a “soft landing” rather than a recession, based on trends in the state labor market.
The state’s chronic labor shortage is often blamed for limiting economic growth, Prof. Steven Deller wrote in a recent report. He notes firms in the state have been reluctant to let workers go as they struggle to fill positions in the post-pandemic era.
“This reluctance is, many economists believe, a primary factor in lower expectations of a recession in favor of the now predicted ‘soft-landing’ of the economy,” he wrote.
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