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| ECONOMIC PROFILE Current Business Page |
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| Ground is breaking. No matter what gauge you use to measure industry and business activity, it's clear that Marinette County is "on the grow!" Ground is breaking, girders are swinging, and plants are growing all over the county. Our industrial parks are constantly modernizing and improving services to accommodate new industries and entrepreneurial efforts. It's clear from the testimonies of our local industrialists and independent surveys that our remarkable growth is not without good reason. Educational quality, strong local support, an honest, hard-working work force, Great Lakes shipping, and attractive communities all make those who come want to stay, and those who learn about us, want to do the same. |
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| The Peshtigo High Falls dam, built in 1910-1911 generated 18,000,000 kilowatt hours of electricity per year. |
| CURRENT UPDATES News from Don Clewley |
| TOP 10 EMPLOYERS IN MARINETTE COUNTY |
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June 20, 2008
Economic Week in Review: Energy prices may be the frontline foe A slow-growth economy was on display in this week's economic statistics-but perhaps more worrisome were energy-related cost increases at the wholesale level that potentially could be passed along to consumers. Industrial output and housing starts declined, while the index of leading indicators, though positive, indicated sluggish economic growth. Yet wholesale prices surged at each stage of the production process, propelled by higher energy costs. (Another indication of energy-anxiety: China's cut in consumption-promoting fuel subsidies was cited as helping lift the stock market a bit during a declining week.) For the week, the S&P 500 Index was down 3.1%, finishing at 1,318 (for a year-to-date total return of -9.3%). The yield of the 10-year U.S. Treasury note declined 11 basis points to 4.16%. Price pressures build in the production pipeline Inflation at the wholesale level surged in May. The Producer Price Index (PPI) for finished goods climbed by 1.4%, up from a 0.2% increase a month earlier and 7.2% higher than a year ago. Possibly more worrisome was the even sharper jump in prices at the earlier intermediate-goods and crude-goods stages of the production pipeline, up 2.9% and 6.7% for the month, respectively. These price increases could potentially be passed along to the finished-goods stage, and ultimately to consumers. Higher prices for energy and food--especially energy-were the culprits: When these items are excluded, the "core" PPI for finished goods rose in May by a modest 0.2% (or 3.0% from a year earlier). Industrial output declines for a second straight month The output of the nation's factories, mines, and utilities declined -0.2% in May, weaker than the 0.2% increase many economists had expected. The May drop follows an outsized -0.7% decline a month earlier. Despite a small pickup from the production of motor vehicles and parts, overall manufacturing output, which represents about 80% of industrial production, was unchanged, and the utilities sector declined. Capacity utilization, a gauge of inflationary pressure since stresses on capacity bolster prices, declined to 79.4%, almost two percentage points below its long-run average. May housing starts counter an April rebound New residential construction declined -3.3% in May, to 975,000 units, following an unexpected increase in April. Compared with a year earlier, housing starts were 32.1% lower. Starts increased in the Northeast by 61.5%, following two straight months of double-digit declines, but fell in other regions. A hopeful sign for growth from the leading indicators The Conference Board's index of leading indicators, designed to predict future economic activity, rose by 0.1% in May, the second straight monthly increase (also 0.1%) following an unchanged reading in March. This compares with steady declines in the previous five months. Analysts said this pattern suggests that the economy continues to grow, though at a plodding pace and with talk of recession in the air. The economic week ahead A variety of reports are scheduled for release next week: consumer confidence (Tuesday), durable goods and new-home sales (Wednesday), GDP and existing-home sales (Thursday), and personal income (Friday). In addition, the Federal Reserve Board's interest-setting arm, the Federal Open Market Committee, meets on Wednesday. Steven C. Deller Professor and Community Development Economist Department of Agricultural and Applied Economics "Conformity can be costly in a world of uncertainty" Nobel winning economist Douglass North |
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Source: DWD, Bureau of Workforce information, ES-202, January 2008 |
| Establishment | Product or Service | Size 2008 | |
| Karl Schmidt Unisia Inc. | Carburetor, piston, ring & valve mfg. | 1000+ employees |
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| Marinette Marine Corporation | Ship building & repairing | 500 - 999 employees |
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| Waupaca Foundry Inc. | Iron foundries | 500 - 999 employees |
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| Bay Area Medical Center, Inc. | Gen. medical & surgical hospitals | 500 - 999 employees |
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| Ansul Inc. | All other misc. mfg. | 500 - 999 employees |
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| Marinette Public School | Elementary & secondary schools | 250 - 499 employees |
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| County of Marinette | Executive & legislative officers, combined | 250 - 499 employees |
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| Stora Enso North America Corp. | Paper, except newsprint, mills | 250 - 499 employees |
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| Aerial Co. Inc. | Service estab. euip. merchant whslrs. | 250 - 499 employees |
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| Decrane Aircraft Seating Co. Inc. | Mortor vehicle seating & interior trim mfg. | 100 - 249 employees |
| • Marinette County Snapshot Worknet, WI • Marinette County Snapshop Review the helpful start-up from the State of Wisconsin, The Business Wizard. Using a series of five question-and-answer pages, the Wizard provides customized information to help you start and operate a Wisconsin- based business. UWEX Workforce Profile & Population |
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