This is not accidental or caused by Covid. This is the result of our governor intentionally shutting down our economy.
“If projections suggested in the national financial press are that 29 percent of privately held establishments will be shut down, and we assume shutdowns are proportionately distributed across firm employment size, then 48,619 Wisconsin business establishments would be closed,” Tichenor said in an email.
Those closings would affect 724,362 employees, he said.
That figure, combined with a February statewide workforce number of 3,109,100, results in an unemployment rate of 23.3 percent.
Then, if the 108,900 Wisconsin residents already unemployed in February are added, the unemployment rate would increase to approximately 26.8 percent, Tichenor said.