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| Thursday, June 24, 1999 Governor Tommy G. Thompson Secretary Linda Stewart | News Media Contact DWD News Office 608/264-6811 e-mail: news@dwd.state.wi.us fax: 608/266-1784 |
For more information contact:
August Cibarich, 608/266-0522
State jobless rate at 3.4 percent in May
Madison, Wis. The states seasonally-adjusted unemployment rate was 3.4 percent in mid-May, according to preliminary data released today by the State Department of Workforce Development.
The latest May unemployment rate ties for the third lowest May unemployment rate since 1960. The lowest May rate was recorded in 1966 at 3.1 percent. Last May, the unemployment rate was 3.2 percent.
"Wisconsins seasonally-adjusted unemployment rate has changed little in the last five months, moving in a narrow range between 3.1 and 3.5 percent," said Orlando Canto, Deputy Secretary of the Department of Workforce Development.
The May adjusted employment rate increased slightly from 3.1 percent in mid-April to 3.4 percent in mid-May. Before adjustment, the rate declined from 3.3 to 3.1 percent, a smaller than normal change for the month of May.
Wisconsins seasonally-adjusted unemployment rate has remained below four percent for the 53rd consecutive month. The latest unemployment rate for the state also remained below the comparable U.S. rate for May, which was 4.2 percent. The states unemployment rate has been below the national average for every month since January 1988.
In May, seasoally-adjusted figures indicate that 2,972,000 people were in the states labor force, and 2,871,800, people were employed in the state.
The total number of nonfarm wage and salary jobs, or payroll jobs, increased by 29,400 over the month to 2,753,700. Since 1988, the number of payroll jobs has increased at a faster rate in Wisconsin than nationally. The number of payroll jobs has increased by 26.5 percent in Wisconsin compared to 21.8 percent in the nation.
More people are employed in payroll jobs in Wisconsin compared to the national average. Currently, 68.8 percent of Wisconsins working age population is employed in nonfarm and salary wage jobs. Nationally, the percentage is 61.8 percent.
Construction employment declined by 2,700 and indicated a below normal seasonal change after adjustment. The decline in construction employment accounted for about one-third of the shortfall in the May employment gain. May construction hiring fell short of seasonal expectations. It is likely that the early season strength in this industry was a factor in the reduced employment gain over the current month.
Trucking and warehousing also contributed to the below normal employment as did durable goods manufacturing. The trucking and warehousing industries were down 900 jobs over the previous month after adjustment. The durable goods sector of manufacturing was weak losing 200 jobs after adjustment.
After seasonal adjustment, industries with better than seasonal change included trade, service and the finance, insurance and real estate.
The trade industry reported a seasonal growth of 1,200 jobs over the month to 615,900. The service industry also reported a growth of 3,600 over the month to 720,400 after seasonal-adjustment. Since last May, employment growth in the service industry has increased by 12,700 before adjustment.
The Finance, Insurance and Real Estate sector grew by 700 jobs over the month, to 147,300, indicating improvements when seasonally-adjusted. The unadjusted figure indicates that the sector has increased by 4,300 jobs over the year.
Seasonally-adjusted unemployment rates were up in 10 of the Wisconsins largest urban areas over the month, and ranged from 1.5 percent in Madison to 4.9 percent in Racine. Seven of the states 11 metropolitan areas had unemployment rates lower than the statewide average, compared to a year ago when nine of the areas had lower rates.
The rate for a 12th area, Duluth-Superior, declined over the month from 3.9 to 3.3 per cent and also was down from the year-ago April rate of 3.5 per cent. Only unadjusted data is available for that area from the Minnesota Department of Economic Security and is not comparable to seasonally-adjusted rates in Wisconsin.
The complete text of the Departments announcement and supporting data, as well as other labor market information, is available to the public on the agencys Web site at <http://www.dwd.state.wi.us>. Select "news releases." Historical and other related labor market data is available by selecting "labor market information."
(end)
Employment and Labor Force
| Unadjusted estimates | May 1999 | April 1999 | May 1998 |
Total labor force | 2,966,600 | 2,947,400 | 2,933,300 |
Employed | 2,874,700 | 2,850,600 | 2,847,400 |
Unemployed | 92,000 | 96,800 | 85,800 |
Wis. Unemployment Rate | 3.1% | 3.3% | 2.9% |
U.S. Unemployment Rate | 4.0% | 4.1% | 4.2% |
| Seasonally adjusted | May 1999 | April 1999 | May 1998 |
Total labor force | 2,972,000 | 2,968,600 | 2,939,600 |
Employed | 2,871,800 | 2,876,500 | 2,846,000 |
Unemployed | 100,200 | 92,100 | 93,700 |
Wis. Unemployment | 3.4% | 3.1% | 3.2% |
U.S. Unemployment | 4.2% | 4.3% | 4.4% |
| *Metro National rank April 1999 | Unemployment | May | April | May |
14th* | Wisconsin | 3.4% | 3.1% | 3.2% |
57th | Appleton-Oshkosh | 2.5 | 2.3 | 2.6 |
215th | Eau Claire | 3.8 | 3.5 | 3.1 |
49th | Green Bay | 2.6 | 2.3 | 2.6 |
167th | Janesville-Beloit | 3.6 | 3.9 | 3.6 |
132nd | Kenosha | 3.5 | 3.2 | 3.1 |
69th | La Crosse | 3.0 | 2.5 | 2.6 |
4th | Madison | 1.5 | 1.4 | 1.5 |
132nd | Milwaukee-Waukesha | 3.3 | 3.2 | 3.0 |
243rd | Racine | 4.9 | 4.2 | 3.8 |
25th | Sheboygan | 2.3 | 2.0 | 2.1 |
132nd | Wausau | 3.2 | 2.8 | 3.2 |
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Source: Wisconsin Department of Workforce Development
Non-Farm Wage & Salary
Employer Survey
In Thousands
May | April | Year | +/- | +/ | |
| NONFARM WAGE & SALARY | 2753.7 | 2724.3 | 2726.1 | 29.4 | 27.6 |
| MANUFACTURING | 609.3 | 608.8 | 615.8 | 0.5 | -6.5 |
| DURABLE GOODS . | 374.1 | 374.0 | 379.6 | 0.1 | -5.5 |
| Lumber and Wood Products | 32.1 | 31.6 | 31.3 | 0.5 | 0.8 |
| Furniture and Fixtures | 17.4 | 17.4 | 17.7 | 0.0 | -0.3 |
| Stone, Clay & Glass Products | 11.1 | 10.7 | 11.2 | 0.4 | -0.1 |
| Primary Metal Industries | 25.2 | 25.3 | 25.6 | -0.1 | -0.4 |
| Fabricated Metal Products | 68.0 | 68.4 | 69.2 | -0.4 | -1.2 |
| Nonelectrical Machinery | 113.1 | 113.4 | 115.9 | -0.3 | -2.8 |
| Electrical Machinery | 44.6 | 44.6 | 46.4 | 0.0 | -1.8 |
| Transportation Equipment . | 33.9 | 33.7 | 33.1 | 0.2 | 0.8 |
| Prof., Scient. & Control Instr | 18.1 | 18.1 | 17.9 | 0.0 | 0.2 |
| Miscellaneous Manufacturing | 10.6 | 10.8 | 11.3 | -0.2 | -0.7 |
| NONDURABLE GOODS | 235.3 | 234.8 | 236.3 | 0.5 | -1.0 |
| Food and Kindred Products | 62.8 | 62.1 | 62.9 | 0.7 | -0.1 |
| Textile Mill Products | 2.6 | 2.7 | 2.8 | -0.1 | -0.2 |
| Apparel & Other Finished Products | 6.3 | 6.3 | 6.2 | 0.0 | 0.1 |
| Paper and Allied Products. | 52.1 | 52.2 | 52.6 | -0.1 | -0.5 |
| Printing, Publishing & Allied | 54.9 | 55.1 | 54.9 | -0.2 | 0.0 |
| Chemicals and Allied Products | 15.1 | 15.0 | 14.7 | 0.1 | 0.4 |
| Rubber & Misc. Plastic Products | 37.1 | 37.2 | 37.4 | -0.1 | -0.3 |
| Leather & Leather Products | 3.9 | 3.9 | 4.5 | 0.0 | -0.6 |
| All Other Nondurable Goods | 0.4 | 0.4 | 0.4 | 0.0 | 0.0 |
| MINING | 2.7 | 2.5 | 3.0 | 0.2 | -0.3 |
| CONTRACT CONSTRUCTION | 121.6 | 113.4 | 115.7 | 8.2 | 5.9 |
| TRANS, COMM, ELEC, GAS | 129.2 | 128.9 | 128.4 | 0.3 | 0.8 |
| TRADE | 615.9 | 604.4 | 610.3 | 11.5 | 5.6 |
| WHOLESALE TRADE | 138.8 | 137.8 | 136.8 | 1.0 | 2.0 |
| RETAIL TRADE | 477.1 | 466.6 | 473.5 | 10.5 | 3.6 |
| FINANCE, INSURANCE & REAL ESTATE | 147.3 | 146.6 | 143.0 | 0.7 | 4.3 |
| SERVICES AND MISCELLANEOUS | 720.4 | 712.5 | 707.7 | 7.9 | 12.7 |
| GOVERNMENT | 29.4 | 29.5 | 29.4 | -0.1 | 0.0 |
| FEDERAL | 101.9 | 103.9 | 100.3 | -2.0 | 1.6 |
| STATE | 276.0 | 273.8 | 272.4 | 2.2 | 3.6 |
| LOCAL | |||||
| PERSONS INVOLVED IN L-M DISPUTES | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Source: Wisconsin Department of Workforce Development
Maps of May 1999 Unemployment Rates by County
Unemployment by County
Source: Wisconsin Department of Workforce Development | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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