| Wisconsin Department of Workforce Development News Release | |
|---|---|
| Thursday, June 17, 2004 Governor Jim Doyle Secretary Roberta Gassman |
News Media Contact Rose Lynch 608/266-6753  Audio:
DWD Secretary Roberta Gassman
(:33 mp3)e-mail: news@dwd.state.wi.us fax: 608/266-1784 |
Madison – Wisconsin Department of Workforce Development (DWD) Secretary
Roberta Gassman today announced that Wisconsin’s unadjusted unemployment rate
is reported to be 4.8 percent for May 2004, which is down from 5.1 percent in
April.
“Signs that Wisconsin’s economy continues to improve are evident in the May
labor market figures, which show gains in employment along with lower
unemployment when compared to April,” Gassman said. “Wisconsin’s labor market
is also improved over last year with 41,100 more private sector jobs than May
2003, including 4,100 more in manufacturing.
Wisconsin’s workers and businesses experienced a slight reduction in
unemployment between April and May 2004. There were 157,900 Wisconsin
residents estimated to be unemployed in April and 147,200 in May. Accompanying
the reduction in unemployment was an increase in the number of residents
estimated to be employed. That figure increased from 2,923,700 in April to
2,950,600 in May. Based on those estimates, the unemployment rate also
decreased from 5.1 percent in April to 4.8 percent in May.
Although the direction for unemployment rate change between April and May was
seasonal, the magnitude of the change was slightly less than seasonal. This
resulted in a slight increase in the seasonally adjusted unemployment rate
between April and May. The seasonally adjusted rate for April was 4.6 percent,
while the seasonally adjusted rate for May was 5.1 percent.
The first five months of 2004 have been decidedly better that the first five
months of 2003. The average monthly unemployment rate for the first five
months of the year for 2004 has been 5.7 percent compared to 6.4 percent for
the same five-month period in 2003.
The improvement in employment has been due to increased opportunities in the
private sector. For May, there were 2,412,700 jobs in the private sector in
Wisconsin. This compares to 2,371,600 in May of 2003. That’s an increase of
41,100 jobs over last year’s figure. For the first five months of 2004, the
private sector has been up an average of 38,300 jobs compared to the same
period in 2003.
May employment and unemployment figures for individual counties will be
available June 23. This release also is available at
http://www.dwd.state.wi.us/lmi/
|
WISCONSIN LABOR FORCE SUMMARY |
|||||||
|---|---|---|---|---|---|---|---|
| NET CHANGE FROM | |||||||
|
ITEM |
|||||||
| PLACE OF RESIDENCE DATA |
NOT SEASONALLY ADJUSTED LABOR FORCE ESTIMATES |
||||||
| CIVILIAN LABOR FORCE |
3097.8 |
3081.6 |
3060.3 |
16.2 |
37.5 |
||
| UNEMPLOYMENT |
147.2 |
157.9 |
164.1 |
-10.7 |
-16.9 |
||
| UNEMPLOYMENT RATE |
4.8 |
5.1 |
5.4 |
-0.3 |
-0.6 |
||
| EMPLOYMENT (1) |
2950.6 |
2923.7 |
2896.2 |
26.9 |
54.4 |
||
|
PLACE OF WORK DATA |
|||||||
| NONFARM WAGE & SALARY |
2832.4 |
2797.2 |
2796 |
35.2 |
36.4 |
||
| TOTAL PRIVATE |
2412.7 |
2376.7 |
2371.6 |
36.0 |
41.1 |
||
| GOODS PRODUCING |
641.4 |
628.9 |
636.4 |
12.5 |
5.0 |
||
| NATURAL RESOURCES & MINING |
3.6 |
3.4 |
4 |
0.2 |
-0.4 |
||
| CONSTRUCTION |
129.1 |
121.5 |
127.8 |
7.6 |
1.3 |
||
| MANUFACTURING |
508.7 |
504 |
504.6 |
4.7 |
4.1 |
||
| Durable Goods |
314.2 |
311.4 |
311.4 |
2.8 |
2.8 |
||
| Nondurable Goods |
194.5 |
192.6 |
193.2 |
1.9 |
1.3 |
||
| SERVICE PRODUCING |
2191 |
2168.3 |
2159.6 |
22.7 |
31.4 |
||
| TRADE |
439.9 |
434.7 |
428.9 |
5.2 |
11.0 |
||
| Wholesale Trade |
117.2 |
115.9 |
112.9 |
1.3 |
4.3 |
||
| Retail Trade |
322.7 |
318.8 |
316 |
3.9 |
6.7 |
||
| TRANS., WAREHOUSE, & UTILITIES |
105.3 |
104.7 |
107.2 |
0.6 |
-1.9 |
||
| Utilities |
11.9 |
11.8 |
11.5 |
0.1 |
0.4 |
||
| Information |
48.2 |
48.4 |
49.6 |
-0.2 |
-1.4 |
||
| FINANCIAL ACTIVITIES |
159.4 |
158.5 |
157 |
0.9 |
2.4 |
||
| Finance and Insurance |
130.2 |
129.8 |
129.6 |
0.4 |
0.6 |
||
| Real Estate, Rental, & Lease |
29.2 |
28.7 |
27.4 |
0.5 |
1.8 |
||
| PROFESSIONAL & BUSINESS SERVICES |
257.9 |
255.1 |
243.7 |
2.8 |
14.2 |
||
| Prof., Scien., & Tech. Services |
87.5 |
90 |
87.9 |
-2.5 |
-0.4 |
||
| Mgmt. of Companies and Enterprises |
38.9 |
38.6 |
37.5 |
0.3 |
1.4 |
||
| Admin. Support & Waste Mgmt. Services |
131.5 |
126.5 |
118.3 |
5.0 |
13.2 |
||
| EDUCATIONAL & HEALTH SERVICES |
375 |
374.5 |
364.1 |
0.5 |
10.9 |
||
| Educational Services |
47.8 |
48.7 |
44.3 |
-0.9 |
3.5 |
||
| Health Care & Social Assistance |
327.2 |
325.8 |
319.8 |
1.4 |
7.4 |
||
| LEISURE & HOSPITALITY |
255.5 |
242.2 |
252.1 |
13.3 |
3.4 |
||
| Arts, Entertain., & Recreation |
41 |
36.9 |
37.5 |
4.1 |
3.5 |
||
| Accommodation & Food Services |
214.5 |
205.3 |
214.6 |
9.2 |
-0.1 |
||
| OTHER SERVICES, except Public Admin |
130.1 |
129.7 |
132.6 |
0.4 |
-2.5 |
||
| GOVERNMENT |
419.7 |
420.5 |
424.4 |
-0.8 |
-4.7 |
||
| Federal Government |
29.1 |
29.5 |
29.7 |
-0.4 |
-0.6 |
||
| State Government |
100.3 |
101.1 |
103.1 |
-0.8 |
-2.8 |
||
| Local Government |
290.3 |
289.9 |
291.6 |
0.4 |
-1.3 |
||
| PERSONS INVOLVED IN L-M DISPUTES |
0.0 |
0.0 |
0.5 |
0.0 |
-0.5 |
||
| (1) Includes L-M Disputes | |||||||
|
SEASONALLY ADJUSTED LABOR FORCE ESTIMATES |
|||||||
| CIVILIAN LABOR FORCE |
3114.6 |
3100.3 |
3076.4 |
14.3 |
38.2 |
||
| UNEMPLOYMENT |
158.1 |
144.1 |
174.7 |
14.0 |
-16.6 |
||
| UNEMPLOYMENT RATE |
5.1 |
4.6 |
5.7 |
0.5 |
-0.6 |
||
| EMPLOYMENT |
2956.5 |
2956.3 |
2901.6 |
0.2 |
54.9 |
||
| NONFARM WAGE & SALARY |
2821.2 |
2809.1 |
2779.6 |
12.1 |
41.6 |
||
*Differences in totals may occur as a result of rounding.
Source: Local Area Unemployment Statistics and Current Employment Statistics programs, Labor Market Information Section, Bureau of Workforce Information
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Content Contact: Rose Lynch