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
Wednesday, June 17, 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
DWD Secretary Newson Issues Statement on BLS' Quarterly Jobs Report
MADISON – Wisconsin Department of Workforce Development (DWD) Secretary Reggie Newson issued the following statement following today's release of U.S. Bureau of Labor Statistics (BLS) data showing Wisconsin added almost 35,800 private sector jobs during the 12-month period ending in December 2014:
"The federal government's release today showing Wisconsin's private sector created almost 35,800 jobs from December 2013 to December 2014 demonstrates consistency in Wisconsin's growth rate relative to other states, was the best year of December-to-December private sector job creation since 2004 and is great news for the tens of thousands of additional workers who today are providing for themselves and their families. As Wisconsin will have almost a million jobs to fill through 2022 and employers are expressing time and again that a lack of skilled labor is holding them back from expanding, we must stay focused on developing Wisconsin's talent today and in the years to come. To this end, Wisconsin's talent development strategies have garnered the attention of other states who are seeking innovative ways to fill their skills requirements."
Highlights of today's BLS release of Quarterly Census of Employment and Wages (QCEW) through the fourth quarter of 2014 include:
- Wisconsin ranked 16th highest in the number of manufacturing jobs gained during the 12-month period ending in December 2014.
- A 6.4 percent gain in construction jobs (+6,158), reflecting the sector's highest fourth-quarter annual growth rate since at least 2002.
- Total private-sector wages increased by 4.9 percent in the fourth quarter of 2014 over the same quarter in 2013.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- Wisconsin's preliminary seasonally adjusted unemployment rate was 4.4 percent in April, our state's lowest rate since April 2008 and lower than the national unemployment rate of 5.4 percent in April.
- Average Initial Unemployment Insurance (UI) claims for the first 24 weeks of 2015 dropped to the lowest point since 1995, and the annual average weekly continued UI claims are at their lowest levels since 2000.
- Department of Financial Institutions new business formation: The number of new business entities formed in Wisconsin in the first five months of 2015 grew by 3.2% percent compared to same period in 2014. As of May 31, 2015, new business filings totaled 18,024, compared to 17,464 in the same period in 2014.
- Chief Executive Magazine ranked Wisconsin the "12th Best State for Business" in its annual survey of CEO's, an increase of two spots over the 2014 ranking, and a significant increase since 2010, when the state ranked 41st.
- Manpower Employment Outlook Survey gave Wisconsin the 3rd best outlook in the US for the 3rd quarter.
Today's BLS report of QCEW data is available online.