Scott Walker, Governor
Raymond Allen, 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, March 9, 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
New BLS Report: Wisconsin Tied for 5th Highest Percentage in Average Weekly Private-Sector Wage Growth in the Nation
US DOL publishes Quarterly Census of Employment and Wages for 3rd Quarter of 2015
MADISON – Wisconsin Department of Workforce Development (DWD) Secretary Ray Allen issued the following statement in response to today's release of U.S. Bureau of Labor Statistics (BLS) data showing that average weekly private-sector wages increased by 3.6 percent in the third quarter of 2015 over the same quarter in 2014, representing the 5th highest rate of growth in the nation, tied with Tennessee:
"Today's BLS release of Quarterly Census of Employment and Wages (QCEW) data shows that Wisconsin is tied for the 5th highest percentage in average weekly private-sector wage growth in the nation, which is great news for working families across our state," Secretary Allen said. "Under Governor Walker, Wisconsin has made important investments in worker training programs designed to help Wisconsinites develop the skills needed to fill the quality jobs in our growing economy. We will continue our efforts to ensure that everyone who wants a good-paying job has the skills needed for these opportunities as employers create new jobs today and in the years to come."
Other indicators that help illustrate the state of Wisconsin’s economy include:
- The average weekly Initial Unemployment Insurance (UI) claims for 2015 dropped to the lowest level since 1989, and average weekly continued UI claims are at their lowest levels since 1999.
- Monthly estimates note more people were working in Wisconsin in December 2015 than at any other point in Wisconsin history.
- Department of Financial Institutions new business formation: The number of new business entities formed in Wisconsin in 2015 grew by 3.6% percent compared to 2014. As of December 31, 2015, new business filings totaled 40,827, compared to 39,395 in 2014.
- Chief Executive Magazine ranked Wisconsin the "12th Best State for Business" in its annual survey of CEO's in 2015.
Today's BLS report of QCEW data is available online.