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| Tuesday, September 28, 1999 Governor Tommy G. Thompson Secretary Linda Stewart | News Media Contact Heidi Kafura 608/264-6811 e-mail: news@dwd.state.wi.us fax: 608/266-1784 |
For more information contact:
August Cibarich, 608/266-0522
MADISONWisconsins unemployment rate dropped to a historic low of 2.9 percent in the month of August, which ties the lowest rate in the states history, according to preliminary data released today by the Department of Workforce Development (DWD).
In addition, the Madison metropolitan area was tied with Sioux Falls, South Dakota, for the nations lowest unemployment rate in July before adjustment. This is the second consecutive month the Madison area had the lowest unemployment rate of the 329 metropolitan statistical areas.
"Wisconsins economic strength is benefiting families throughout the state," said Orlando Canto, Deputy Secretary of the Department of Workforce Development. "Our challenge is to find workers for available jobs. In the long term, this will have an effect on employment growth in the state."
The 2.9 percent unemployment rate ties the lowest recorded rate for any month since seasonally adjusted record keeping began in 1960. The 2.9 percent unemployment rate was recorded this June and also in April 1998, January 1969, and October 1966.
The August seasonally-adjusted unemployment rate at 2.9 percent remained almost unchanged from last months record tying low of 2.9 percent. It is also a decline of six tenths of a percent over last years 3.5 percent unemployment rate.
The nations rate declined one-tenth of a percent to 4.2% in August, which is the latest national rate available. The states unemployment rate has been below the national average every month since January 1988.
Wisconsins seasonally adjusted labor force and unemployment levels each declined by 900 between July and August. Total employment at 2,875,900 remained unchanged over last month.
The state experienced total employment gains of 21,600 over the year, not seasonally adjusted. Over the year, the labor force increase was only 6,100, a reflection of the states tight labor supply. Despite the small labor force gain, total employment increased by 21,600. Unemployment declined by 15,600 as more of our working age population became employed.
Nonfarm wage and salary jobs were up 7,000 over the month when seasonally-adjusted. The private sector added 5,300 jobs and government increased by 1,700 as the payroll job experienced a gain of 7,000. The trade industry experienced job gains of 1,600. The service industry also grew by 2,800 and construction increased by 1,000 after adjustment.
The finance, insurance and real estate industry grouping had an adjusted increase of 400. Manufacturing and mining activities did not add jobs over the month after adjustment while the transportation, communication and public utilities grouping declined by 400 after adjustment.
Wisconsin nonfarm job gains in August were 27,500. This was a gain of one percent compared to the national gain of 2.2 percent.
The service industry added the most jobs over the last year with a gain of 16,300 or an increase of 2.3 percent. Nationally, the increase was 3.9 percent. Other industry gains occurred in trade, construction, government, finance, insurance and real estate.
Nine of the 11 Wisconsin metropolitan areas experienced declines in their unemployment rates over both the month and the year. Seasonally-adjusted unemployment rates ranged from 1.3 percent in Madison to 4.4 percent in Racine. Janesville-Beloit experienced the greatest decline with the unemployment rate dropping by 1.3 percentage points.
The rate for a 12th area, Duluth-Superior, declined over the month from 4.3 percent to 3.5 percent. The year-ago July rate was also 3.5 percent. 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)
| Unadjusted estimates | August 1999 | July 1999 | August 1998 |
Total labor force | 2,994,300 | 3,301,300 | 2,988,200 |
Employed | 2,916,100 | 2,942,100 | 2,894,500 |
Unemployed | 78,100 | 89,200 | 93,700 |
Wis. Unemployment Rate | 2.6% | 2.9% | 3.1% |
U.S. Unemployment Rate | 4.2% | 4.5% | 4.5% |
| Seasonally adjusted | August 1999 | July 1999 | August 1998 |
Total labor force | 2,963,200 | 2,964,100 | 2,952,900 |
Employed | 2,875,900 | 2,875,900 | 2,850,800 |
Unemployed | 87,300 | 88,200 | 102,100 |
Wis. Unemployment | 2.9% | 3.0% | 3.5% |
U.S. Unemployment | 4.2% | 4.3% | 4.5% |
| *Metro National rank July 1999 | | August | July | August |
| **9th | Wisconsin | 2.9 | 3.0 | 3.5 |
26th | Appleton-Oshkosh | 2.2 | 2.3 | 2.7 |
52nd | Eau Claire | 2.8 | 3.1 | 3.4 |
33rd | Green Bay | 2.3 | 2.3 | 2.8 |
284th | Janesville-Beloit | 3.4 | 4.7 | 4.0 |
209th | Kenosha | 2.9 | 3.2 | 3.4 |
52nd | La Crosse | 3.3 | 2.8 | 2.9 |
1st | Madison | 1.3 | 1.4 | 1.6 |
110th | Milwaukee-Waukesha | 2.9 | 3.1 | 3.5 |
242nd | Racine | 4.4 | 4.2 | 4.2 |
46th | Sheboygan | 2.1 | 2.4 | 2.4 |
52nd | Wausau | 2.8 | 3.0 | 3.6 |
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Source: Wisconsin Department of Workforce Development
August | July | Year Ago | +/- | +/ | |
| NONFARM WAGE & SALARY | 2759.6 | 2756.6 | 2732.1 | 3.0 | 27.5 |
| MANUFACTURING | 620.2 | 620.0 | 628.4 | 0.2 | -8.2 |
| DURABLE GOODS . | 376.9 | 377.6 | 382.2 | -0.7 | -5.3 |
| Lumber and Wood Products | 33.1 | 33.5 | 32.3 | -0.4 | 0.8 |
| Furniture and Fixtures | 17.7 | 17.8 | 18.1 | -0.1 | -0.4 |
| Stone, Clay & Glass Products | 11.5 | 11.5 | 11.5 | 0.0 | 0.0 |
| Primary Metal Industries | 25.2 | 25.4 | 25.6 | -0.2 | -0.4 |
| Fabricated Metal Products | 68.4 | 68.7 | 69.8 | -0.3 | -1.4 |
| Nonelectrical Machinery | 112.6 | 113.0 | 115.5 | -0.4 | -2.9 |
| Electrical Machinery | 45.0 | 45.2 | 46.7 | -0.2 | -1.7 |
| Transportation Equipment . | 34.4 | 33.6 | 33.2 | 0.8 | 1.2 |
| Prof., Scient. & Control Instr | 18.5 | 18.4 | 18.2 | 0.1 | 0.3 |
| Miscellaneous Manufacturing | 10.5 | 10.5 | 11.4 | 0.0 | -0.9 |
| NONDURABLE GOODS | 243.4 | 242.4 | 246.2 | 1.0 | -2.8 |
| Food and Kindred Products | 69.6 | 68.3 | 70.7 | 1.3 | -1.1 |
| Textile Mill Products | 2.6 | 2.6 | 2.9 | 0.0 | -0.3 |
| Apparel & Other Finished Products | 6.4 | 6.4 | 6.4 | 0.0 | 0.0 |
| Paper and Allied Products. | 52.7 | 53.1 | 53.6 | -0.4 | -0.9 |
| Printing, Publishing & Allied | 55.2 | 55.4 | 55.7 | -0.2 | -0.5 |
| Chemicals and Allied Products | 15.2 | 15.1 | 15.0 | 0.1 | 0.2 |
| Rubber & Misc. Plastic Products | 37.4 | 37.1 | 37.3 | 0.3 | 0.1 |
| Leather & Leather Products | 3.8 | 3.8 | 4.3 | 0.0 | -0.5 |
| All Other Nondurable Goods | 0.5 | 0.5 | 0.4 | 0.0 | 0.1 |
| MINING | 2.9 | 2.9 | 3.1 | 0.0 | -0.2 |
| CONTRACT CONSTRUCTION | 129.2 | 128.6 | 124.4 | 0.6 | 4.8 |
| TRANS, COMM, ELEC, GAS | 125.5 | 125.9 | 125.3 | -0.4 | 0.2 |
| TRADE | 624.5 | 620.6 | 619.9 | 3.9 | 4.6 |
| WHOLESALE TRADE | 141.1 | 141.0 | 138.7 | 0.1 | 2.4 |
| RETAIL TRADE | 483.4 | 479.6 | 481.2 | 3.8 | 2.2 |
| FINANCE, INSURANCE & REAL ESTATE | 150.1 | 150.1 | 145.6 | 0.0 | 4.5 |
| SERVICES AND MISCELLANEOUS | 738.5 | 735.7 | 722.2 | 2.8 | 16.3 |
| GOVERNMENT | 368.6 | 372.7 | 363.2 | -4.1 | 5.4 |
| FEDERAL | 29.6 | 29.6 | 29.7 | 0.0 | -0.1 |
| STATE | 95.0 | 94.7 | 93.6 | 0.3 | 1.4 |
| LOCAL | 244.0 | 248.4 | 239.9 | -4.4 | 4.1 |
| PERSONS INVOLVED IN L-M DISPUTES | 0.0 | 0.0 | 0.1 | 0.0 | -0.1 |
Source: Wisconsin Department of Workforce Development
Unemployment by County
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