MADISON, Wis. (AP) — A new economic forecast says there has been more hiring in 2010 than once expected, but employment won’t return to pre-recession levels in Wisconsin until 2013.
The quarterly Wisconsin Economic Outlook from the state revenue department was released Friday.
According to the report, the state had been forecast to add 20,150 jobs in 2010, but it has already added 24,500 since January. Manufacturing led the way with 10,900 jobs.
More jobs should slowly be added in the coming months. The forecast calls for 1.7 percent employment growth in 2011 and 2.5 percent in 2012.
Wages and salaries are expected to rebound with a 1.2 percent increase in 2010 after falling 4.5 percent in 2009.
Personal income, a broader measure than wages and salaries, is predicted to grow by 2.5 percent in 2010 and 4.4 percent in 2011.