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
Friday, August 19, 2016
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: Wisconsin Sees Significant Increase in Total Nonfarm Jobs in July
MADISON – Department of Workforce Development (DWD) Secretary Ray Allen released the following statement in response to new U.S. Bureau of Labor Statistics (BLS) preliminary data showing Wisconsin's monthly and annual total nonfarm job growth was statistically significant in July.
"Today's report shows that Wisconsin's gains of 9,100 total non-farm jobs over the month and 47,400 non-farm jobs over the year were both significant," Secretary Allen said. "The report also showed that Wisconsin's unemployment rate of 4.2 percent, its lowest point in 15 years, is significantly below the nation. Additionally, Wisconsin's labor force participation rate was seventh highest in the country. Under Governor Walker, Wisconsin continues to see a strong labor market in 2016.
Highlights of today's BLS release of state-by-state employment and unemployment data for July 2016 include:
- Wisconsin's gains of 9,100 total non-farm jobs over the month and 47,400 non-farm jobs over the year were both statistically significant.
- Wisconsin's unemployment rate of 4.2% was statistically below the national rate of 4.9%.
- Wisconsin ranked second in the Midwest and 13th in the nation for rate of manufacturing job growth from July 2015 to July 2016.
- Wisconsin's labor force participation rate of 68.3% was seventh-highest in the nation.
Other indicators of the state of Wisconsin's economy include:
- The unemployment rate in Wisconsin is lower than the national rate by 0.7 percentage points.
- Wisconsin was one of only 10 states with an annual average unemployment rate in 2015 lower than 2007, the year that the Great Recession began.
- Year 2016 initial UI claims are running at their lowest level since 1989.
- Continuing unemployment claims in Wisconsin are running the lowest in at least the past 30 years.
- Wisconsin's labor force participation rate outpaces the national rate by 5.5 percentage points.
- Wisconsin had the sixth-highest rate of growth in average weekly private sector wages from December 2014 to December 2015, according to Quarterly Census of Employment & Wages data.