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
Monday, August 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
BLS Data: Addition of 8,200 Private-Sector Jobs Ranks Wisconsin in Top 10 States for Monthly Job Growth, 2nd Highest in Midwest
State's gain in manufacturing jobs from June to July also ranks 5th highest out of 48 states
MADISON – Wisconsin's addition of 8,200 private-sector jobs from June to July 2015 ranked 10th highest in the nation and 2nd highest in the Midwest in number of private sector jobs added during the month, according to seasonally adjusted state-by-state data released Friday by the U.S. Bureau of Labor Statistics (BLS). The preliminary data also showed the state's one-month addition of 1,700 manufacturing jobs ranked 5th highest in the nation and 2nd highest in the Midwest.
"The federal government's preliminary numbers reaffirm Wisconsin's strong economic growth relative to other states," Department of Workforce Development (DWD) Secretary Reggie Newson said. "Unemployment and employment changes are significantly better than the nation's, and we're seeing significant increases in total non-farm, private sector, and manufacturing jobs over the last month and year."
Highlights of the BLS release of July 2015 employment and unemployment estimates for states include:
- Wisconsin ranked 10th highest in the nation and 2nd highest in the Midwest for number of private sector jobs gained from June to July 2015 with the addition of 8,200 jobs. The rate of growth was also 2nd highest in the Midwest.
- Wisconsin added 1,700 manufacturing jobs over the month, ranking 5th highest in the nation and 2nd highest in the Midwest out of 48 states. The state's addition of 8,800 manufacturing jobs from July 2014 to July 2015 also ranked 5th highest nationally in number of jobs gained.
- Wisconsin's gain of 12,400 total non-farm jobs over the month ranked 7th highest in the nation and 2nd highest in the Midwest for number of jobs, and 9th highest in the nation and 2nd highest in the Midwest in rate of growth.
- Wisconsin's unemployment rate of 4.6% in July 2015 is significantly below the U.S. rate of 5.3%. The state's July 2015 rate is also statistically significant compared to Wisconsin's 5.4% rate in July 2014.
- Wisconsin experienced statistically significant employment increases over the month and year.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- Average Initial Unemployment Insurance (UI) claims for the first 32 weeks of 2015 dropped to the lowest point since 1990, 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 seven months of 2015 grew by 3.4% percent compared to same period in 2014. As of July 31, 2015, new business filings totaled 24,625, compared to 23,875 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 2 spots over the 2014 ranking, and a big increase over 2010, when the state ranked 41st.
- Manpower Employment Outlook Survey gave Wisconsin a better outlook than the nation and our second best outlook since the end of the recession for the 3rd quarter.
The BLS' full state-by-state estimates for July 2015 are available online.