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
Tuesday, January 24, 2017
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 Ranks 1st in Midwest and 14th in Nation in Manufacturing Growth Rate Year-over-Year
Rate of manufacturing job growth over the month also ranks 1st in the Midwest and 11th in the nation
MADISON – Department of Workforce Development (DWD) Secretary Ray Allen released the following statement following today's U.S Bureau of Labor Statistics (BLS) release showing Wisconsin outpaced all other Midwest states in rate of growth for manufacturing jobs over the year ending in December 2016, finishing the year with the 14th best year-over-year manufacturing growth rate in the nation:
"With Wisconsin's unemployment at its lowest point in 15 years and significant year-over-year job growth, Wisconsin's economy continues to trend in the right direction under Governor Walker's leadership," Secretary Allen said. "Today's rankings show that Wisconsin leads the Midwest in manufacturing jobs created over the year, which further demonstrates that Wisconsin's strategy of investing in skills-development programs like Wisconsin Fast Forward and Youth Apprenticeship are paying dividends for the taxpayers of our great state."
Highlights of today's BLS release of state-by-state employment and unemployment data for December 2016 include:
- Wisconsin ranked 1st in Midwest and 14th in the nation in manufacturing growth rate compared to December 2015.
- Wisconsin ranked 1st in the Midwest and 11th in the nation in manufacturing growth rate when compared to November 2016.
- Wisconsin's net gain in manufacturing jobs over both the month and the year were the highest in the Midwest and ranked 3rd and 7th in the nation respectively, according to the data.
- Wisconsin's unemployment rate of 4.0 percent is at its lowest point since January 2001, and is significantly lower than the national rate of 4.7 percent.
- Wisconsin's addition of 28,700 total non-farm jobs over the year is statistically significant.
Other indicators of Wisconsin's strong economy include:
- Year 2016 initial UI claims are running at their lowest levels since 1988.
- 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 5.6 percentage points.
- After adjusting for inflation, total private sector wages in 2015 grew 5.1%, the best growth since 2001.
- After adjusting for inflation, average weekly wages in 2015 increased 3.6%, the best growth since 2001.