The Milwaukee area’s economy slowed in July, according to the latest economic trends report from the Metropolitan Milwaukee Association of Commerce.

The report shows 10 of the 22 economic indicators in July saw improvement over the year. That’s the first time less than half of these data points improved over the year since March 2021, according to Bret Mayborne, economic research vice president for MMAC.

“While nonfarm jobs continue to post year-over-year gains and the metro area unemployment rate continues to decline, improvements to both indicators have slowed over the course of 2022,” Mayborne said in the report.

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