The Wisconsin Department of Revenue projected an increase in unemployment to 8.9 percent by 2010 in the quarterly Wisconsin Economic Outlook released Thursday.
The Manufacturing and Trade, and Transportation and Utilities industries are expected to be the hardest hit in 2009 according to a statement from the Department of Revenue. The manufacturing industry suffered a loss of 8,200 jobs in January and 10,500 jobs in February.
According to the report Wisconsin lost 72,000 jobs in the past four months. A slow recovery is anticipated in late 2010.
Education and Health Services are the only sector expected to see growth in 2009.
""The education and healthcare sectors continue to show some growth … they are somewhat insulated from global economic pressures,"" Carrie Templeton, executive assistant for the Department of Revenue, said.
According to the report, employment in the Education and Health Services sector grew 1.8 percent in 2008 and is expected to grow 2.3 percent in 2009.
""It's all types of education. It wouldn't necessarily [mean] that the UW will see an increase in positions —it's probably not likely, and any growth is very minor. It just stands out because everything else is so negative,"" Templeton said.
—Hannah Furfaro
