Wisconsin's Economy Expected to Rebound

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Updated: 12:34 AM Jul 4, 2009 Wisconsin's Economy Expected to Rebound MADISON, Wis. (AP) -- Revenue officials say Wisconsin's economy is showing signs of a rebound, but the recovery in employment and personal income isn't expected to start until 2010. Posted: 7:25 PM Jul 3, 2009 Reporter: Associated Press Wisconsin's Economy Expected to Rebound

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MADISON, Wis. (AP) -- Revenue officials say Wisconsin's economy is showing signs of a rebound, but the recovery in employment and personal income isn't expected to start until 2010.

The quarterly Wisconsin Economic Outlook issued Friday by the state Department of Revenue notes that the national economic recession remains severe but adds that "the bottom is in sight."

According to the report, total state employment is expected to show a decrease of 4.1 percent in 2009. Personal income growth is expected to fall by 1 percent, although it's tempered by federal stimulus spending under the American Recovery and Reinvestment Act.

The global recession means exports will decline before resuming slight growth in 2010.

Revenue Secretary Roger Ervin said the focus must stay on "creating and retaining jobs and moving the state toward a path of economic growth."

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