The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – declined 0.4% on a monthly basis in June and was up 3.5% from a year ago. The monthly decline was the largest since a 0.8% decrease in April 2020.

So-called core prices, which exclude volatile measurements of gasoline and groceries to better assess price growth trends, were unchanged from a month ago and up 2.6% from last year.

Energy prices fell 5.7% on a monthly basis – the energy index’s largest monthly decline since April 2020 – and are up 15.7% from a year ago. BLS noted that the energy index was the largest contributor to the decline in headline inflation, more than offsetting increases in indexes for food and housing.

Food prices rose 0.2% in June and are up 3% in the past year. The food at home index is 2.7% higher than a year ago, while the food away from home index is up 3.4% in the last year and both rose 0.2% on a monthly basis in June.

Housing prices rose 0.1% on a monthly basis, which was the smallest one-month change since January 2021, and are up 3.3% from a year ago. Tenants’ and household insurance costs rose 0.2% from a month ago and are up 5.9% in the last year.

A brand new report released by Forward Analytics finds that Wisconsin’s workforce has reached a tipping point: for the first time, healthcare and social assistance professions have surpassed manufacturing as the state’s largest employment sector.

From 2001 to 2025, manufacturing employment fell from 560,000 jobs to fewer than 460,000 today, while healthcare and social assistance employment grew from 321,000 to more than 463,000 over the same time period. Wisconsin joins the 46 other states that have made this transition, following national trends.

Manufacturing in Wisconsin is still a vital sector, employing nearly 460,000 workers at an average annual wage of $75,117 and contributing an estimated $74 billion to state GDP. The transition follows shifting demographics and economic patterns, driven by the needs of an aging population.

What the transition means for living standards, however, depends heavily on where growth within the healthcare sector occurs. Annual pay ranges from around $30,000 in social assistance to more than $92,000 in ambulatory care. The report finds that the lowest-paying sector — social assistance — has grown at the fastest rate, while higher-wage clinical roles lag behind. More concerningly, while the demand for nursing and residential care services has increased, the subsector most tied to Wisconsin’s aging population has seen a decrease of 5,000 jobs since 2019.

The Trump administration on Friday laid out a sweeping deregulatory plan to eliminate over 700 rules across federal agencies.

The Office of Information and Regulatory Affairs (OIRA) released its 2026 regulatory plan which covered 702 deregulatory actions, an increase from 482 in the 2025 regulatory plan released by the Trump administration.

OIRA is part of the White House’s Office of Management and Budget (OMB), and the agency indicated this year’s unified regulatory agenda aims to rollback rules impeding economic growth.

FEMA announced that federal disaster assistance is available to the state of Wisconsin to supplement recovery efforts in the areas affected by severe storms, tornadoes and flooding from April 13-23, 2026.

The President’s action makes federal funding available to affected individuals in Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, Waukesha, Waupaca and Winnebago counties and the Oneida Nation. Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses and other programs to help individuals and families recover from the effects of the disaster.

Federal funding is also available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or replacement of facilities damaged by the severe storms, tornadoes and flooding in Iowa, Jackson, Jefferson, Juneau, Kewaunee, Outagamie, Rock, Vernon and Waupaca counties and the Oneida Nation.

Individuals and families who sustained losses in the designated areas should first file claims with their insurance providers and then apply for assistance online at www.DisasterAssistance.gov, by calling 1-800-621-3362 or by using the FEMA App.

The Trump administration announced Wednesday that the U.S. government does not intend to renew a trilateral trade deal with Mexico and Canada that governs nearly $2 trillion in annual commerce.

President Donald Trump wants to replace the U.S.-Mexico-Canada Agreement with separate treaties with each of the trading partners.

The announcement starts a 10-year countdown to the treaty’s expiration date unless the three countries can resolve their differences.

“The United ​States did not agree to renew the USMCA in its current form,” U.S. Trade Representative Jamieson Greer ⁠said in a statement. “As a result, the USMCA is not renewed. The United States will continue to engage with Mexico and ​Canada to address the agreement’s shortcomings and our trade deficits with these countries.”

The announcement coincides with the July 1 deadline for a joint review of the U.S.-Mexico-Canada Agreement to update the six-year-old treaty.

President Trump has said that one of his primary objections is that the USMCA could open a back door for Chinese competitors against U.S. manufacturers.

He wants stricter “rules of origin,” which refers to regulations that dictate what percentage of a product’s components must be made within North America.

Mexico has been importing Chinese components for its booming automobile manufacturing industry. Many of the vehicles are exported into the United States on behalf of American automakers without tariffs because of the USMCA.

The Trump administration is demanding that vehicles built for the American market must contain at least 50% U.S. content.

U.S. factories that make vehicles and auto parts have lost more than 21,000 jobs since the USMCA took effect. It replaced the North American Free Trade Agreement.

Another source of dispute is Mexico’s recent energy policy reforms. They favor its state-owned oil and gas enterprises over foreign private investors, which prompted complaints from the United States and Canada.

Despite the Trump administration’s announcement, the USMCA remains in effect.

With the state’s Child Care Bridge Payments program expiring this week, providers across Wisconsin are expected to raise rates, putting a further strain on parental budgets.

Rep. David Armstrong, R-Rice Lake, says the end of the program “is going to hurt.” He spoke Friday during a virtual panel organized by the Wisconsin Policy Forum focused on what’s ahead for the state’s childcare industry.

The Child Care Bridge Payments Program was established when the earlier Child Care Counts pandemic-era stabilization program was set to expire about a year ago, but is now ending June 30th with nothing to replace it. Panelists emphasized the impact of the program’s loss, both on childcare programs and the families that rely on them.

Jeff Pertl, secretary for the Wisconsin Department of Children and Families, noted the Child Care Counts program helped reverse a downward trend in the number of childcare providers in the state.

“I think at every data point, we really see that this sort of foundational investment in providers stabilizes the market,” he said, adding “Counts really worked, and without it, we’re going to see fewer providers and higher prices.”

Friday’s panel followed the release of the latest childcare market rate survey, showing 60% of childcare slots in Wisconsin are considered affordable. While that’s an improvement from 41% in 2025, it’s below the 75% federal and state affordability threshold.

The state Department of Children and Families last week warned the end of the childcare subsidy program would likely mean higher prices for families across the state.

The rate at which Wisconsin distributes too much or too little food assistance is among the lowest in the nation, according to data released Wednesday by the U.S. Department of Agriculture.

According to the estimates measuring all states and U.S. territories, Wisconsin’s error rate for the last fiscal year was 5.72 percent. That’s just over half of the nationwide error rate of 10.62 percent.

Just seven other states, and the Virgin Islands, had lower error rates, according to the USDA data.

If there’s room for agreement on anything in Washington, it’s that lawmakers need to do something to make homeownership more affordable. On Tuesday, legislators on both sides of the aisle clinched the final vote in the House to pass the largest piece of housing legislation in decades.

The bill, called the 21st Century Road to Housing Act, passed 358-32 in the House. The Senate approved it Monday with similarly overwhelming bipartisan support. It now heads to President Trump’s desk for his signature.

Rather than making a single change, the bill is a hodgepodge of provisions designed to either encourage housing construction or make it easier for home seekers to buy. The flashiest part of the package is a ban that prevents corporate investors from buying up more single-family homes to rent out. If one of those groups already owns at least 350 houses, it won’t be able to buy others.

While the legislation doesn’t provide new federal dollars for homebuilding, it streamlines some of the regulations homebuilders must follow to get existing federal financing.

For example, it allows builders to skip the environmental review when a housing project is going up between two buildings that have already gone through the process.

A different provision creates a grant program for communities to develop “pattern books” of preapproved housing designs, so builders won’t need as many approvals to get up to code.

Another is aimed at making manufactured homes more affordable by getting rid of the rule that those houses must have a permanent chassis, or a steel frame that makes them movable. Manufactured homes are often installed onto permanent foundations, and housing policy experts say that removing the chassis requirement could cut $5,000 to $10,000 off construction costs and allow for designs that could more easily incorporate a second story or basement.

The bill also encourages local governments to speed up the homebuilding process by giving more federal dollars to places that build more housing.

Governor Tony Evers asked the United States Small Business Administration on Monday to declare a Rapid Disaster Declaration for Wisconsin communities hit by severe storms and flooding this spring.

The governor requested disaster assistance for Marathon, Rock, Vernon and Waupaca counties based on damage assessments. If approved, federal disaster loans from the SBA will be available for residents and businesses in those four counties, as well as their contiguous 20 counties.

Joint damage assessments were conducted by SBA, the Federal Emergency Management Agency, state, county and local staff.

“As severe weather continues to affect communities across Wisconsin, my administration and I are hard at work to ensure communities and small businesses have every opportunity to get the support they need, and to make sure the state prepares for and responds to any potential emergencies in the future,” Evers said.

Governor Evers last month formally requested a disaster declaration from President Donald Trump in response to April’s severe storms and flooding. That request includes FEMA’s Individual Assistance for affected residents and families in 19 counties and one Tribal Nation, FEMA’s Public Assistance for emergency work and infrastructure repairs in 14 counties and one Tribal Nation, and FEMA’s Hazard Mitigation Grant Program to help reduce the impact of future disasters for the entire state. President Trump has not responded, and a declaration has not been made.