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Wisconsin Unemployment Rate Falls To 3.8 Percent In January, Nearing Pre-Pandemic Levels

Menzie Chinn, professor of public affairs and economics at UW-Madison, said he expects the federal stimulus signed into law Thursday will help boost unemployment some, as Wisconsinites start to spend that money in the economy. But Chinn also notes that many residents in the state took large hits to their finances last year, and may not be able to spend that money as freely, potentially limiting some positive economic effects the stimulus money could have had.