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
Tuesday, October 21, 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 September 2014 Employment Report: State's Rate of Private-Sector Job Growth Ranks 15th Best in Nation, Higher than Indiana, Michigan & Ohio
State's new post-Recession low unemployment rate of 5.5% in September ranked 17th in the country
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 addition of 8,400 private sector jobs from August to September ranked 15th highest in rate of growth, and the state's 5.5 percent unemployment rate was tied at 17th lowest in the country.
"With Wisconsin's unemployment rate reaching a new post-Recession low at 5.5 percent in September, today's report by the federal government also shows the rate was below Illinois, Indiana, Michigan and Ohio," Secretary Newson said. "Plus, the addition of 8,400 private sector jobs over the month placed Wisconsin 15th best in terms of rate of growth. Both state-by-state rankings provide additional indications that our job creation and worker training strategies have put Wisconsin's economy in a strong position."
Highlights of today's BLS report of state-by-state employment and unemployment estimates (seasonally adjusted), which are each based on monthly surveys, include:
- Wisconsin's seasonally adjusted unemployment rate decline to 5.5 percent in September 2014 from 6.6 percent in September 2013 was statistically significant, and the state's September rate ranked 17th in the country (tied), outperforming four Midwest states.
- Wisconsin ranked third in the Midwest for rate of private sector job growth year-over-year.
- Wisconsin's 12-month gain in total nonfarm jobs ranked ahead of Iowa, Illinois, Michigan and Ohio.
- Wisconsin's rate of year-over-year manufacturing job growth ranked 15th highest in the country, ahead of Iowa, Illinois and Michigan.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- According to monthly estimates, Wisconsin has created 124,000 private sector jobs since December 2010.
- Initial weekly Unemployment Insurance (UI) claims for the first 40 weeks of 2014 dropped to the lowest point since 2000, and the annual average weekly UI claims are at their lowest levels since 2000.
- Department of Financial Institutions new business formation: up 5.6 percent during the nine months of 2014 compared to the same period in 2013.
- Department of Revenue: State revenue collections are $55.3 million higher than projections for the first quarter of the current fiscal year.
The BLS' full state-by-state estimates for September 2014 are available online.