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
Thursday, September 21, 2015
CONTACT: DWD Communications, 608-266-2722
On the Web: http://dwd.wisconsin.gov/dwd/news.htm
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On Twitter: @WIWorkforce
BLS Monthly Data: Wisconsin Ranks 8th in Nation for Rate of Private Sector Job Growth in August
Rate of Growth ranked ahead of neighboring states of Illinois, Iowa, and Michigan
MADISON – Wisconsin's rate of private sector job growth ranked 8th highest in the nation and 4th in the Midwest from July 2015 to August 2015, ahead of the neighboring states of Illinois, Iowa, and Michigan, according to Friday's release of U.S. Bureau of Labor Statistics' (BLS) state-by-state employment and unemployment estimates for August 2015.
"Wisconsin's economy continued to gain ground as our state outpaced over 40 states in its rate of private sector job creation in August, according to the federal government's latest available data," Department of Workforce Development (DWD) Secretary Reggie Newson said. "Wisconsin continues to fare better the nation in both the state's August unemployment rate of 4.5% and its labor force participation of 67.4 percent."
Highlights of Friday's BLS release of monthly employment and unemployment estimates for states include:
- Wisconsin ranked 8th in the nation in private sector job growth rate over the month at .3%. The rate of growth outpaced the neighboring states of Illinois, Iowa and Michigan.
- Wisconsin ranked 6th in the nation for number of private sector jobs gained from July 2015 to August 2015 with the addition of 7,200 jobs.
- Wisconsin added 7,200 manufacturing jobs from August 2014 to August 2015, ranking 6th in number of jobs gained out of 48 states.
- Wisconsin ranked 9th in the nation for total non-farm job growth rate at .25% over the month.
- Wisconsin's unemployment rate of 4.5 percent in August 2015 tied for 15th lowest in the nation and continues to be significantly below the national rate of 5.1 percent.
- Wisconsin's unemployment rate decrease of .8% from 5.3% in August 2014 to 4.5% in August 2015 is statistically significant.
Other indicators that help illustrate the state of Wisconsin’s economy include:
- Average Initial Unemployment Insurance (UI) claims for the first 37 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.
The BLS' full state-by-state estimates for August 2015 are available online.