Wisconsin improves to 33rd in job creation
The latest Quarterly Census of Employment and Wages (QCEW), considered by economists to be the most credible and comprehensive job report from the U.S. Bureau of Labor Statistics, shows Wisconsin gaining 28,712 private-sector jobs from March 2013 to March 2014. The state’s 1.26% growth rate during that period ranks it No. 33 in the nation in private-sector job creation.
The numbers were virtually unchanged from the December 2012 to December 2013 period, when Wisconsin gained 29,723 private-sector jobs and had growth rate of 1.27%. However, the state’s ranking moved up slightly from 37th in the nation.
Wisconsin’s rate of private-sector job growth continues to lag behind the nation’s, as it has for much of the last decade. The national rate from March 2013 to March 2014 was 2.08%.
The QCEW is based on a census of 96% of the nation’s employers.
Meanwhile, the Wisconsin Department of Workforce Development announced that the state’s seasonally adjusted unemployment rate dropped to 5.6% in August, down from 5.8% in July and 6.7% in August 2013.
The national unemployment rate is 6.1%.