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, February 24, 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
Latest Actual Job Counts Show Wisconsin Added 27,500 Private-Sector Jobs During Year Ending in September 2014
Construction also added over 4,500 jobs, capping strongest two-year gain in over a decade
MADISON – New actual job count data shows Wisconsin gained almost 27,500 private-sector jobs from September 2013 to September 2014, including the strongest two-year gain in construction jobs in over a decade. In addition, quarterly wages by covered private-sector employers grew by 3 percent over the same quarter in 2013.
The Wisconsin Department of Workforce Development (DWD) today released the state's Quarterly Census of Employment & Wages (QCEW) covering the third quarter of 2014. The data is based on actual job reports from nearly 160,000 Wisconsin employers.
Highlights from the actual job counts, when compared to U.S. Bureau of Labor Statistics' (BLS) published data for 2014, include:
- Wisconsin added 27,489 private-sector jobs from September 2013 to September 2014.
- Quarterly wages by covered private-sector employers grew by 3 percent year over year.
- Wisconsin's manufacturing sector added close to 6,200 jobs over the 12-month period.
- Construction grew by 11.5 percent in 24 months, or 11,466 from September 2012 through September 2014.
In releasing the data, Secretary Newson made the following statement: "Wisconsin continues to see economic growth under Governor Walker's leadership and the latest available quarterly numbers provide another positive indication. Our continued focus on worker training programs will provide employers with the skilled employees they need, and create new opportunities for working families."
Other indicators that help illustrate the state of Wisconsin’s economy include:
- Wisconsin's estimated unemployment rate of 5.2% for December is the lowest it has been since 2008 and lower than the national average of 5.6% in December. The estimated number of private sector jobs created in December 2014 over December 2013 was 54,100 on a preliminary basis, Number 2 in the Midwest and 14th highest in the nation.
- Average Initial Unemployment Insurance (UI) claims for the first 7 weeks of 2015 dropped to the lowest point since 1995.
- Department of Financial Institutions new business formation: up 6.1% in 2014 compared to the same period in 2013 and as of January, the total in 2015 is running 3.2% higher than 2014.
- According to Gallup's annual rankings, Wisconsin's job market is tied for second best in the nation with Texas and Nebraska, behind only North Dakota.
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 QCEW.
Wisconsin has received the BLS's sign-off on state data covering the third quarter of 2014 and will post the third-quarter data on its WORKnet site in the coming days. The BLS will incorporate the data in its next QCEW release scheduled for March 19, 2015. Information about the QCEW, including data for the 2013 quarters and 2014 first and second quarter, can be accessed through the BLS website at http://bls.gov/cew/.
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 Statistics (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.