Have Wisconsin Inflation Adjusted Complete Wages and Salaries Risen since 2021Q1?

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Sure, utilizing both Chained CPI, or East North Central CPI:

Determine 1: Wisconsin complete wages and salaries deflated utilizing chained CPI (blue), utilizing official East North Central subregion CPI, adjusted utilizing X-13 (tan), all in billion 2023$ at annual charges. NBER outlined peak-to-trough nationwide recession dates shaded grey. Supply: BLS, BEA, NBER, and creator’s calculations.

The image doesn’t actually change if one expresses in per capita phrases:

wiwiwtotpcdeflated

Determine 2: Wisconsin complete wages and salaries per capita deflated utilizing chained CPI (blue), utilizing official East North Central subregion CPI, adjusted utilizing X-13 (tan), all in 2023$ at annual charges. NBER outlined peak-to-trough nationwide recession dates shaded grey. Supply: BLS, BEA, NBER, and creator’s calculations.

Word it is a per capita share calculation, versus JEC-Republican per “household” greenback calculation. As mentioned on this put up, the East North Central and JEC-Republican calculation purportedly for Wisconsin cumulative change matches fairly carefully by March 2024, relative to January 2021.

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