Although the pandemic exacerbated many of Wisconsin’s workforce issues, labor force participation has been steadily decreasing across the state since its peak in the 1990’s. Today, at the Regional economic Conditions Conference hosted by the Federal reserve Bank of Minneapolis, UW Madison economist Matthew Kures said the age of workers has been a large factor in the decline.
“We simply have fewer workers of working age and prime working age than we had a decade ago or two decades ago,” said Kures.