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
Friday, September 19, 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
BLS August 2014 Employment Report: Wisconsin Outperforms Four Midwest States in Rate of Private-Sector Job Growth Year over Year
Addition of 29,600 private-sector jobs ranks Wisconsin higher than three neighboring Midwest states and Ohio
MADISON – Wisconsin Department of Workforce Development (DWD) Secretary Reggie Newson today released the following statement on the latest U.S. Bureau of Labor Statistics (BLS) monthly rankings of employment and unemployment estimates. The report shows Wisconsin's 12-month gain in private sector jobs through August outpaced the rate of growth in Iowa, Illinois, Michigan and Ohio:
"For the second day in a row, the federal government published state-by-state data showing good news for Wisconsin's private-sector job gains relative to neighboring Midwest states," Secretary Newson said. "Today's release shows Wisconsin's private-sector job growth rate outperformed neighboring Iowa, Illinois and Michigan, as well as Ohio, during the 12-month period ending in August. Looking forward, we will remain committed to advancing strategies that help the private sector create even more opportunities for Wisconsin's working families."
Yesterday, the BLS published the latest available Quarterly Census of Employment and Wages (QCEW), an actual count of job growth, showing Wisconsin outpaced the neighboring Midwest states of Illinois and Minnesota in the rate of private sector jobs gained from March 2013 to March 2014.
Other of today's Bureau of Labor Statistics (BLS) report of state-by-state employment and unemployment estimates, which are each based on monthly surveys, include:
- Wisconsin's unemployment rate decline to 5.6 percent in August 2014 from 6.7 in August 2013 was statistically significant, and the state's August rate ranked 17th in the country, ahead of Illinois, Indiana, Michigan and Ohio.
- Wisconsin's 12-month gain in total nonfarm jobs ranked 21st highest in the country, ahead of Iowa, Illinois, Michigan, Minnesota and Ohio.
- Wisconsin's rate of year-over-year manufacturing job growth ranked 16th highest in the country, ahead of Iowa, Illinois and Ohio.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- According to monthly estimates, Wisconsin has created 114,900 private sector jobs since December 2010.
- Initial weekly Unemployment Insurance (UI) claims for the first 36 weeks of 2014 dropped to the lowest point since 2000, and the annual average weekly UI claims are at their lowest levels since 2000.
- 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 5.5 percent during the first eight months of 2014 compared to the same period in 2013.