Wednesday, November 26, 1997
Wisconsin's unemployment in October improved to 3.4 percent from September's 3.7 percent. October's unemployment ties the low for the year reached in both April and May. Nationally, unemployment was 4.7 percent, seasonally adjusted.
A total of 9,600 workers left unemployment compared to the previous month. Unemployment is below 4.0 percent in 57 of the state's 72 counties (not seasonally adjusted).
Employers added 10,100 jobs in the month. Manufacturing gained 1,000 jobs, when adjusted for the season; the finance group added 900, construction gained 200. Declining were jobs in retail trade, by 900, when adjusted for the season. Difficulty finding workers is believed to be the reason. In the last 12 months, employers have added a net 47,200 jobs.
Looking ahead, Connie Hagen, executive assistant at the Department of Workforce Development, said: "Based on what our local labor market analysts tell us, Wisconsin should experience a strong holiday shopping season. Merchants have high expectations."
In September, the Madison metro area had the second-lowest unemployment rate in the nation. The state's unemployment was tied for eighth lowest.
|Largest job gainers by percentage|
|Computer, office equipment manufacture||+ 900||+27.3%|
|Auto repair, services, parking||+2,400||+12.1%|
|Lumber & building supply sales||+1,200||+7.2%|
|Largest job losers by percentage|
|Preserved fruits, vegetables manufacture||-4,100||-25.6%|
|Beverage manufacturing||- 800||-13.6%|
|Private colleges, universities||-1,700||-9.2%|
|Leather and leather products||- 400||-7.5%|
|Refrigeration & service machine machine||- 500||-6.0%|
|October 1997||previous month||in last 12 months|
|Total labor force||2,938,800||-5,500||+9,200|
|Seasonally adjusted||October 1997||previous month||in last 12 months|
|Total labor force||2,939,000||-3,000||+4,700|
% seasonally adjusted
* of 276 metro areas or 50 states, D.C., and Puerto Rico. September national rankings NOT seasonally adjusted. Lower is better.
|in thousands||October||Sept.||Year Ago||+/- month||+/- year|
|NONFARM WAGE & SALARY||2694.4||2684.3||2647.2||+10.1||+47.2|
|DURABLE GOODS .||371.9||370.7||366.1||+1.2||+5.8|
|Lumber and Wood Products||31.1||31.2||30.6||-0.1||+0.5|
|Furniture and Fixtures||16.7||16.6||16.7||+0.1||0.0|
|Stone, Clay & Glass Products||10.9||10.9||10.8||0.0||+0.1|
|Primary Metal Industries||25.5||25.3||24.0||+0.2||+1.5|
|Fabricated Metal Products||65.4||65.4||63.7||0.0||+1.7|
|Transportation Equipment .||32.6||32.5||32.3||+0.1||+0.3|
|Prof., Scient. & Control Instr||18.0||17.9||18.0||+0.1||0.0|
|Food and Kindred Products||64.6||69.4||69.0||-4.8||-4.4|
|Textile Mill Products||3.2||3.2||3.0||0.0||+0.2|
|Apparel & Other Finished Prods.||6.3||6.3||6.4||0.0||-0.1|
|Paper and Allied Products .||51.9||52.2||51.7||-0.3||+0.2|
|Printing, Publishing & Allied . ..||54.3||54.1||52.9||+0.2||+1.4|
|Chemicals and Allied Products .||14.1||14.0||13.9||+0.1||+0.2|
|Rubber & Misc. Plastic Prods..||35.6||35.6||35.1||0.0||+0.5|
|Leather & Leather Products||4.9||4.9||5.3||0.0||-0.4|
|All Other Nondurable Goods ..||0.4||0.4||0.4||0.0||0.0|
|TRANS, COMM, ELEC, GAS||123.5||123.5||122.8||0.0||+0.7|
|FINANCE, INSURANCE & REAL ESTATE||143.1||142.7||138.5||+0.4||+4.6|
|SERVICES AND MISCELLANEOUS||694.3||694.2||670.3||+0.1||+24.0|
|PERSONS INVOLVED IN L-M DISPUTES||0.0||0.0||0.6||0.0||-0.6|
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