Scott Walker, Governor
Reginald J. Newson, Secretary
Department of Workforce Development
201 E. Washington Avenue
P.O. Box 7946
Madison, WI 53707-7946
Telephone: (608) 266-3131
Fax: (608) 266-1784
FOR IMMEDIATE RELEASE
Tuesday, January 27, 2015
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 Report: Wisconsin Ranks 2nd in the Midwest for Private Sector Year-over-Year Growth
MADISON – Wisconsin ranks 2nd among Midwest states in rate of year-over-year private sector job growth from December 2013 to December 2014, according to today's release of U.S. Bureau of Labor Statistics' (BLS) state-by-state employment and unemployment estimates. When looking at number of jobs added, Wisconsin ranked second in the Midwest and 14th in the nation and with 54,100 private sector jobs created.
"Wisconsin's economy continues to improve under the leadership of Governor Walker," Department of Workforce Development (DWD) Secretary Newson said. "The latest available data shows Wisconsin led every neighboring state and ranked second in the Midwest in year-over-year rate of private sector job growth. At DWD we will continue to support and train Wisconsin's workforce to meet the needs of our expanding economy."
Highlights of today's BLS release of monthly employment and unemployment estimates for all states include:
- Wisconsin ranked 2nd in the Midwest and 18th in the country in year-over-year private sector growth rate. It also ranked 3rd in the Midwest and 19th in the country in rate of month-over-month private sector job growth from November to December.
- When looking at number of jobs added, Wisconsin ranked 11th in the nation and second in the Midwest with 7,600 private sector jobs created over the month; the 12-month addition of 54,100 private sector jobs ranked second in the Midwest and 14th highest in the country in terms of jobs added.
- Wisconsin's unemployment rate decline to 5.2 percent from 6.3 percent in December 2013 was statistically significant, and the December 2014 rate was lower than the national rate of 5.6 percent.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- Average initial Unemployment Insurance (UI) claims for the 52 weeks of 2014 dropped to the lowest point since 1999.
- Department of Financial Institutions new business formation: up 18 percent year-over-year from December 2013 to December 2014. Total year-over-year is up 6.1 from 2013 to 2014.
- Wisconsin's agricultural exports for the first 9 months of the year show a 17% increase compared to last year, ranking 12th among U.S. states
- Wisconsin's month-over-month gain of 2,900 construction jobs, 1,900 jobs in transportation, and 300 jobs in natural resources and mining were all statistically significant.
The BLS' full state-by-state estimates for December 2014 are available online.