Economy

Madison-based captioned telephone service provider CapTel Inc. is cutting 273 jobs in Wisconsin following the release of technology that offers customers fully-automated captions for phone calls, according to a notice sent to state and local officials.

The good news for Wisconsin’s leisure and hospitality sector is that it added 15,000 jobs from May to June.

Labor markets remain strong and healthy and companies are still looking to acquire skilled talent despite growing global economic uncertainty, ManpowerGroup chairman and chief executive officer Jonas Prising said this week.

Home sales in the four-county metro Milwaukee area were down 3.8% during the first half of the year, compared to a year ago, and 10.6% in June, year-over-year, according to the latest home sale data from the Greater Milwaukee Association of Realtors.

BizTimes Media today announced the winners of 2022 Future 50 Awards, which will be recognized at an awards luncheon on Sept. 29 at the Italian Community Center in Milwaukee.

A survey released earlier this month by Wisconsin Manufacturers and Commerce showed more than 70% of Wisconsin employers expect a recession in the next month, but newly released data from the survey suggest employers still plan to add to their workforce.

The latest employer survey from Wisconsin Manufacturers & Commerce found 71% of respondents expect the Wisconsin economy to be in a recession within the next 12 months.

There may be growing concern about a downturn in the economy in other sectors, but the latest Marquette-ISM Report on Manufacturing suggests strong growth in the southeastern Wisconsin manufacturing sector.

Wisconsin’s economy shrunk slightly in the first quarter, but the change in the state’s real GDP was still among the best performing in the country, according to data released by the U.S. Bureau of Economic Analysis.

More than 60% of Wisconsin bank CEOs say a recession is likely or very likely in the next six months, according to survey results from the Wisconsin Bankers Association.