Department of Workforce Development
201 E. Washington Avenue
P.O. Box 7946
Madison, WI 53707-7946
Telephone: (608) 266-3131
Fax: (608) 266-1784
Scott Walker, Governor
Reginald J. Newson, Secretary
FOR IMMEDIATE RELEASE
Thursday, August 28, 2014
CONTACT: DWD Communications, 608-266-2722
On the Web: http://dwd.wisconsin.gov/dwd/news.htm
On Facebook: http://www.facebook.com/WIWorkforce
On Twitter: @WIWorkforce
State Adds Over 28,000 Private-Sector Jobs During Year Ending in March 2014
Private sector wages for the quarter grow by 4.2 percent compared to the first quarter of 2013
MADISON – Wisconsin Department of Workforce Development (DWD) Secretary Reggie Newson today released the latest available Wisconsin actual jobs data based on reports from nearly 160,000 Wisconsin employers. The data covering the first quarter of 2014 show Wisconsin added 28,653 private-sector jobs during the 12-month period ending in March 2014, and private-sector wages increased by 4.2% during the first quarter of 2014 compared to the same quarter in 2013.
Highlights from the latest job counts, when compared to U.S. Bureau of Labor Statistics' (BLS) published data for 2013, include:
- Wisconsin added 28,653 private-sector jobs from March 2013 to March 2014.
- Construction employment grew by 3,815 jobs, or 4.5% over the year.
- Wages by covered private-sector employers grew by 4.2% year over year.
DWD Secretary Reggie Newson issued the following statement on the latest quarterly data: "After losing 133,000 private sector jobs during the four years before Governor Walker took office, the latest 12-month actual jobs data available shows Wisconsin's economy is continuing to grow and add jobs for Wisconsin's working families," Secretary Newson said. "We will continue to do everything we can to develop our state's workforce and ensure that every Wisconsin worker who wants a job can find a job."
Every quarter, all employers covered under state or federal unemployment insurance are required to submit tax reports on monthly employment, quarterly total and taxable wages, and contributions for hourly and salaried employees. Wisconsin has nearly 160,000 business establishments employing some 2.8 million workers that are required by state and federal statutes to submit this information to DWD. DWD sends the data to the BLS, which incorporates the information when it publishes the Quarterly Census of Employment and Wages (QCEW).
Wisconsin submitted its data to BLS covering the first quarter of 2014 earlier this month and the BLS gave signoff late last week. The BLS will incorporate the data in its next QCEW release scheduled for September 18. Information about the QCEW, including data for all four quarters of 2013, can be accessed through the BLS website at http://bls.gov/cew/. The first quarter data will be published on DWD's WORKnet site in the days ahead.
The QCEW is a comprehensive count of jobs, as it includes reports from nearly all Wisconsin employers. This data series is distinct from the Current Employment Survey (CES), which estimates jobs based on response to a survey of roughly 5,500 employers (3.5 percent of Wisconsin businesses) and is released in preliminary form each month.
The QCEW also differs from the Local Area Unemployment Statistics (LAUS), which is compiled from both a monthly survey conducted by the Census Bureau of 1,450 households around the state and Unemployment Insurance continued claims, and forms the basis of the state’s unemployment rate.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- According to the most recent personal income report, Wisconsin's 2013 per capita personal income growth was seventh highest in the nation.
- Department of Financial Institutions new business formation: up 5.6 percent through July compared to the same period in 2013.
- Initial weekly Unemployment Insurance (UI) claims for the first 32 weeks of 2014 dropped to the lowest point since 2000, and the annual average weekly UI claims are at their lowest levels since 2000.