
Department of Workforce Development
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| Thursday, October 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
UNEMPLOYMENT RATE HITS ALL-TIME LOW
Jobless rate falls to 2.6 percent in September
MADISONThe Department of Workforce Development (DWD) today announced that Wisconsins seasonally-adjusted unemployment rate dropped to a historic low of 2.6 percent in September, giving the state the fifth lowest rate in the nation and breaking the previous record of 2.9 percent set last month.
DWD Secretary Linda Stewart said the record-low unemployment rate is benefiting families throughout the state.
"The states low unemployment rate is quite remarkable following the summer season," said Stewart. "We are building the strongest economy on record in Wisconsin."
The September unemployment rate fell by three-tenths of a percentage point from 2.9 percent in August. The 2.6 percent rate is an all-time low since seasonally-adjusted record keeping began in 1960. According to unadjusted data, Wisconsin recorded the second lowest unemployment rate in the nation with a rate of 2.0 percent.
The 2.0 percent unemployment rate is the second lowest recorded rate for any month since 1956. A 1.9 percent unemployment rate was recorded in August 1955 and October 1956.
Wisconsin is tied with South Dakota for the fifth lowest unemployment rate in the nation with a seasonally-adjusted unemployment rate of 2.6 percent. And, the states unadjusted 2.0 percent rate ties South Dakota for the second lowest rate in the nation.
The nations seasonally adjusted unemployment rate remained unchanged at 4.2% in September. Wisconsins unemployment rate has been below the national average every month since January 1988 or for 140 consecutive months.
All 11 of Wisconsins major urban areas experienced declines in their jobless rates in September. This includes a record low rate of 1.1 percent in Madison. The Madison area is likely to have the lowest rate in the nation again for the month of September, which would mark four consecutive months.
Over the year unemployment rates declined in ten of the 11 Wisconsin metropolitan areas as only the LaCrosse area experienced an increase.
Twenty-eight of the 72 counties had September unemployment rates below two percent. Sixty-three counties had rates below three percent and Menomonee County was the only county above four percent with a rate of 4.7 percent.
Even cities experienced low unemployment rates in September. Unemployment rates are estimated for cities with a population of 25,000 or more people. Twelve of the 28 cities had rates under two percent and 23 were at or below three percent.
Total employment increased by 14,400 over the year and the nonfarm wage and salary job total increased by 16,800 before seasonal adjustment. Over the month, the adjusted figures showed a decline of 2,000 in the total employment level and a decline of 4,300 in the nonfarm job total.
Trade, construction, mining, and the finance, insurance and real estate industries had strong seasonal changes, while manufacturing, service, government and transportation and public utilities had below average changes. Both durable and nondurable manufacturing contributed to the weak manufacturing change. Retail trade contributed to most of the trade gain.
The rate for a 12th area, Duluth-Superior, declined over the month from 3.5 percent to 3.3 percent. The year-ago September rate was also 3.8 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."
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Employment and Labor Force
| Unadjusted estimates | Sept. 1999 | August 1999 | Sept. 1998 |
Total labor force | 2,943,500 | 2,993,200 | 2,957,900 |
Employed | 2,884,200 | 2,915,000 | 2,869,800 |
Unemployed | 59,200 | 78,200 | 88,000 |
Wis. Unemployment Rate | 2.0% | 2.6% | 3.0% |
U.S. Unemployment Rate | 4.1% | 4.2% | 4.4% |
| Seasonally adjusted | Sept. 1999 | August 1999 | Sept. 1998 |
Total labor force | 2,948,400 | 2,962,200 | 2,957,900 |
Employed | 2,872,800 | 2,874,800 | 2,856,000 |
Unemployed | 75,600 | 87,400 | 104,100 |
Wis. Unemployment | 2.6% | 3.0% | 3.5% |
U.S. Unemployment | 4.2% | 4.2% | 4.5% |
| *Metro National rank Aug. 1999 | | | | |
**5th | Wisconsin | 2.6 | 3.0 | 3.5 |
24th | Appleton-Oshkosh | 1.9 | 2.2 | 2.8 |
43rd | Eau Claire | 2.2 | 2.9 | 3.4 |
29th | Green Bay | 1.9 | 2.3 | 2.8 |
125th | Janesville-Beloit | 3.0 | 3.4 | 4.0 |
90th | Kenosha | 2.7 | 2.9 | 3.4 |
98th | La Crosse | 3.0 | 3.3 | 3.0 |
1st | Madison | 1.1 | 1.3 | 1.6 |
112th | Milwaukee-Waukesha | 2.5 | 2.9 | 3.5 |
225th | Racine | 3.9 | 4.4 | 4.3 |
16th | Sheboygan | 1.6 | 2.1 | 2.5 |
53rd | Wausau | 2.4 | 2.8 | 3.7 |
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Source: Wisconsin Department of Workforce Development
Non-Farm Wage & Salary
September | August | Year Ago | +/- | +/ | |
| NONFARM WAGE & SALARY | 2764.3 | 2758.1 | 2741.7 | 6.2 | 22.6 |
| MANUFACTURING | 613.2 | 620.6 | 620.8 | -7.4 | -7.6 |
| DURABLE GOODS . | 374.2 | 377.2 | 378.1 | -3.0 | -3.9 |
| Lumber and Wood Products | 32.3 | 33.0 | 31.6 | -0.7 | 0.7 |
| Furniture and Fixtures | 17.5 | 17.7 | 17.9 | -0.2 | -0.4 |
| Stone, Clay & Glass Products | 11.4 | 11.5 | 11.2 | -0.1 | 0.2 |
| Primary Metal Industries | 25.1 | 25.2 | 25.4 | -0.1 | -0.3 |
| Fabricated Metal Products | 67.7 | 68.3 | 69.1 | -0.6 | -1.4 |
| Nonelectrical Machinery | 111.8 | 112.5 | 114.7 | -0.7 | -2.9 |
| Electrical Machinery | 44.8 | 45.1 | 46.1 | -0.3 | -1.3 |
| Transportation Equipment . | 34.8 | 34.8 | 33.0 | 0.0 | 1.8 |
| Prof., Scient. & Control Instr | 18.4 | 18.5 | 18.1 | -0.1 | 0.3 |
| Miscellaneous Manufacturing | 10.3 | 10.5 | 11.1 | -0.2 | -0.8 |
| NONDURABLE GOODS | 239.0 | 243.4 | 242.7 | -4.4 | -3.7 |
| Food and Kindred Products | 68.1 | 69.6 | 68.8 | -1.5 | -0.7 |
| Textile Mill Products | 2.6 | 2.6 | 2.8 | 0.0 | -0.2 |
| Apparel & Other Finished Products | 6.1 | 6.3 | 6.3 | -0.2 | -0.2 |
| Paper and Allied Products. | 51.9 | 52.8 | 53.1 | -0.9 | -1.2 |
| Printing, Publishing & Allied | 54.5 | 55.3 | 55.2 | -0.8 | -0.7 |
| Chemicals and Allied Products | 15.1 | 15.1 | 14.8 | 0.0 | 0.3 |
| Rubber & Misc. Plastic Products | 36.6 | 37.4 | 36.9 | -0.8 | -0.3 |
| Leather & Leather Products | 3.7 | 3.8 | 4.2 | -0.1 | -0.5 |
| All Other Nondurable Goods | 0.5 | 0.5 | 0.4 | 0.0 | 0.1 |
| MINING | 2.9 | 2.9 | 3.0 | 0.0 | -0.1 |
| CONTRACT CONSTRUCTION | 126.2 | 128.7 | 121.9 | -2.5 | 4.3 |
| TRANS, COMM, ELEC, GAS | 129.3 | 125.5 | 129.8 | 3.8 | -0.5 |
| TRADE | 617.5 | 624.0 | 612.4 | -6.5 | 5.1 |
| WHOLESALE TRADE | 139.5 | 141.0 | 137.1 | -1.5 | 2.4 |
| RETAIL TRADE | 477.9 | 483.1 | 475.3 | -5.2 | 2.6 |
| FINANCE, INSURANCE & REAL ESTATE | 149.5 | 150.1 | 144.7 | -0.6 | 4.8 |
| SERVICES AND MISCELLANEOUS | 733.0 | 737.2 | 718.7 | -4.2 | 14.3 |
| GOVERNMENT | 392.8 | 369.1 | 390.3 | 23.7 | 2.5 |
| FEDERAL | 29.6 | 29.7 | 29.7 | -0.1 | -0.1 |
| STATE | 99.3 | 95.0 | 97.5 | 4.3 | 1.8 |
| LOCAL | 263.9 | 244.4 | 263.1 | 19.5 | 0.8 |
| PERSONS INVOLVED IN L-M DISPUTES | 0.0 | 0.0 | 0.2 | 0.0 | -0.2 |
Source: Wisconsin Department of Workforce Development
Unemployment by County
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Source: Wisconsin Department of Workforce Development