Monday, December 29, 1997
In fact, the job market grew faster than usual in November overall, including workers who were still job-hunting and thus, unemployed. The result was that the state's unemployment rate, adjusted for the season, remained at 3.4 percent. That is unchanged from October and is the same rate as 12 months earlier.
Wisconsin's 3.4 percent compares to 4.6 percent nationally. Continuing that 12-month perspective, the gain in jobholders and job-seekers from November 1996 to this November was double that achieved from October to October.
Although Wisconsin employers have filled 49,600 more jobs than they did one year ago, the job pick-up, at an annualized rate of 1.9 percent, is smaller than the 2.5 percent job gain nationally. That may be a function of two phenomena:
Wisconsin employers posted 40 percent more job openings with the state's statewide network of Job Centers for the first five months of this fiscal year (since July 1) - 71,006 job openings compared to 50,543 for the comparable period the year before.
"Looking ahead, job growth in 1998 should be strong and steady, dependent primarily on the availability of workers," said Connie Hagen, Executive Assistant of the Department of Workforce Development.
|November||previous month||in last 12 months|
|Total labor force||2,951,200||+10,600||+21,100|
|Seasonally adjusted||November||previous month||in last 12 months|
|Total labor force||2,958,700||+17,900||+17,100|
% seasonally adjusted
* of 276 metro areas or 50 states, D.C., and Puerto Rico. October national rankings NOT seasonally adjusted.
Lower is better.
|in thousands||November||October||Year Ago||+/- month||+/- year|
|NONFARM WAGE & SALARY||2701.8||2696.8||2652.2||5.0||49.6|
|DURABLE GOODS .||372.2||371.9||365.9||0.3||6.3|
|Lumber and Wood Products||30.7||31.0||30.3||-0.3||0.4|
|Furniture and Fixtures||16.8||16.8||16.7||0.0||0.1|
|Stone, Clay & Glass Products||10.8||10.9||10.7||-0.1||0.1|
|Primary Metal Industries||25.8||25.5||24.1||0.3||1.7|
|Fabricated Metal Products||65.4||65.4||64.4||0.0||1.0|
|Transportation Equipment .||32.8||32.6||32.0||0.2||0.8|
|Prof., Scient. & Control Instr||18.1||18.0||17.9||0.1||0.2|
|Food and Kindred Products||62.9||64.8||64.6||-1.9||-1.7|
|Textile Mill Products||3.2||3.2||2.9||0.0||0.3|
|Apparel & Other Finished Prods.||6.3||6.3||6.4||0.0||-0.1|
|Paper and Allied Products .||52.1||52.0||51.9||0.1||0.2|
|Printing, Publishing & Allied . ..||54.7||54.4||53.0||0.3||1.7|
|Chemicals and Allied Products .||14.0||14.1||13.8||-0.1||0.2|
|Rubber & Misc. Plastic Prods..||35.9||35.6||35.1||0.3||0.8|
|Leather & Leather Products||4.9||4.9||5.1||0.0||-0.2|
|All Other Nondurable Goods ..||0.3||0.4||0.3||-0.1||0.0|
|TRANS, COMM, ELEC, GAS||123.7||123.7||122.6||0.0||1.1|
|FINANCE, INSURANCE & REAL ESTATE||143.3||143.0||139.0||0.3||4.3|
|SERVICES AND MISCELLANEOUS||691.5||695.2||666.5||-3.7||25.0|
|PERSONS INVOLVED IN L-M DISPUTES||0.0||0.0||0.3||0.0||-0.3|
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