
Thursday, April 30, 1998 Governor Secretary |
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Wisconsins seasonally-adjusted jobless rate in mid-March was a preliminary 3.1 percent, keeping it at about its 28-year low, a state agency official announced today.
"We now are tied with March of 1970 for the second lowest rate since the current method of record-keeping began that year," said Bruce Hagen, Deputy Secretary of the State Department of Workforce Development.
"We would have been tied for first place if February this year hadnt been even a better month for workers and their families than we first thought."
"The bottom line is that Wisconsins labor market and economy continue to do extremely well overall, particulary for those who are seeking a job."
Industries with a larger-than-normal number of jobs for mid-March were service, manufacturing, trade, and the finance, insurance and real estate group. Job totals in government, construction, and the transportation and public utilities group declined in number seasonally.
Hagen said employers continue to be scramble to find people they want for some of their job openings. "The number of unfilled job openings listed with Job Service at Job Centers remain high," he said, "and unemployment claims remain low."
Other highlights for mid-March:
Hagen said the revised unemployment rate for the state in February now was estimated at 2.9 per cent. The preliminary February rate originally had been announced at 3.1 percent.
The revision for February made that months rate the lowest since at least 1970, when the current methods of estimation were established by the federal government, and tied with January 1969 for lowest ever recorded when another method of estimation was used. The calculation and release of seasonally-adjusted data only began in 1960.
The change in the February rate was made because employment was even higher that month than originally estimated, and unemployment was lower.
Employment and Labor Force
Household Survey
| Unadjusted estimates | March 1998 | previous month | Year ago |
Total labor force | 2,927,800 | 2,924,800 | 2,883,100 |
Employed | 2,817,100 | 2,812,100 | 2,754,900 |
Unemployed | 110,700 | 112,700 | 128,100 |
Wis. Unemployment | 3.8% | 3.9% | 4.4% |
U.S. Unemployment | 5.0% | 5.0% | 5.5% |
| Seasonally adjusted | March 1998 | previous month | Year ago |
Total labor force | 2,963,400 | 2,962,700 | 2,956,700 |
Employed | 2,869,600 | 2,875,300 | 2,865,800 |
Unemployed | 93,800 | 87,300 | 91,000 |
Wis. Unemployment | 3.1% | 2.9% | 3.7% |
U.S. Unemployment | 4.7% | 4.6% | 5.2% |
| Feb. U.S. rank* | Unemployment |
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38th | Wisconsin | 3.1% | 2.9% | 3.7% |
238th | Appleton-Oshkosh | 2.6 | 2.6 | 3.3 |
147th | Eau Claire | 3.2 | 3.3 | 3.7 |
250th | Green Bay | 2.7 | 2.6 | 3.2 |
207th | Janesville-Beloit | 3.4 | 3.2 | 4.3 |
259th | Kenosha | 2.9 | 2.8 | 3.6 |
239th | La Crosse | 2.7 | 2.5 | 3.1 |
322nd | Madison | 1.5 | 1.5 | 1.7 |
260th | Milwaukee-Waukesha | 3.0 | 2.9 | 3.7 |
177th | Racine | 3.6 | 3.4 | 4.3 |
293rd | Sheboygan | 2.4 | 2.3 | 2.7 |
104th | Wausau | 3.5 | 3.4 | 3.9 |
| * of 328 metro areas for metro areas or 50 states, D.C., and Puerto Rico for the state. February national rankings are NOT seasonally adjusted. Lower is better. | ||||
Non-Farm Wage & Salary
Employer Survey
March 1998 | February 1998 | Year Ago | +/- month | +/ year | |
| NONFARM WAGE & SALARY | 2,655,000 | 2,645,000 | 2,584,400 | +10,000 | +70,600 |
| MANUFACTURING | 613,800 | 612,300 | 596,300 | +1,500 | +17,500 |
| DURABLE GOODS . | 377,000 | 375,700 | 364,400 | +1,300 | +12,600 |
| Lumber and Wood Products | 30,400 | 30,200 | 29,300 | +200 | +1,100 |
| Furniture and Fixtures | 17,300 | 17,200 | 16,600 | +100 | +700 |
| Stone, Clay & Glass Products | 10,400 | 10,300 | 9,700 | 0 | +700 |
| Primary Metal Industries | 26,200 | 26,000 | 24,100 | +200 | +2,100 |
| Fabricated Metal Products | 66,500 | 66,400 | 63,600 | 0 | +2,900 |
| Nonelectrical Machinery | 115,800 | 115,400 | 113,700 | +400 | +2,100 |
| Electrical Machinery | 47,100 | 47,200 | 46,400 | -100 | +700 |
| Transportation Equipment . | 33,500 | 33,500 | 31,900 | 0 | +1,600 |
| Prof., Scient. & Control Instr | 18,400 | 18,500 | 17,900 | -100 | +500 |
| Miscellaneous Manufacturing | 11,300 | 11,100 | 11,100 | +200 | +200 |
| NONDURABLE GOODS | 236,900 | 236,600 | 231,900 | +300 | +5,000 |
| Food and Kindred Products | 62,600 | 62,700 | 62,100 | -100 | +500 |
| Textile Mill Products | 3,000 | 3,000 | 2,800 | 0 | +200 |
| Apparel & Other Finished Prods. | 6,300 | 6,300 | 6,100 | 0 | +200 |
| Paper and Allied Products . | 53,400 | 53,400 | 52,300 | 0 | +1,100 |
| Printing, Publishing & Allied . .. | 55,000 | 55,200 | 53,300 | -200 | +1,700 |
| Chemicals and Allied Products . | 14,400 | 14,400 | 14,000 | 0 | +400 |
| Rubber & Misc. Plastic Prods.. | 37,000 | 36,400 | 35,900 | +600 | +1,100 |
| Leather & Leather Products | 5,000 | 5,000 | 5,000 | 0 | 0 |
| All Other Nondurable Goods .. | 300 | 300 | 300 | 0 | 0 |
| MINING | 2,000 | 1,900 | 2,100 | +100 | -100 |
| CONTRACT CONSTRUCTION | 96,100 | 95,700 | 92,800 | +400 | +3,300 |
| TRANS, COMM, ELEC, GAS | 123,000 | 122,400 | 121,500 | +600 | +1,500 |
| TRADE | 595,500 | 592,300 | 585,200 | +3,200 | +10,300 |
| WHOLESALE TRADE | 133,700 | 132,800 | 130,400 | +900 | +3,300 |
| RETAIL TRADE | 461,800 | 459,500 | 454,900 | +2,300 | +6,900 |
| FINANCE, INSURANCE & REAL ESTATE | 141,300 | 141,000 | 138,500 | +300 | +2,800 |
| SERVICES AND MISCELLANEOUS | 684,900 | 681,300 | 654,400 | +3,600 | +30,500 |
| GOVERNMENT | 398,300 | 398,000 | 393,600 | +300 | +4,700 |
| FEDERAL | 29,300 | 29,300 | 29,300 | 0 | 0 |
| STATE | 99,900 | 98,300 | 98,300 | +1,600 | +1,600 |
| LOCAL | 269,100 | 270,400 | 265,900 | -1,300 | +3,200 |
| PERSONS INVOLVED IN L-M DISPUTES | 0 | 0 | 700 | 0 | -700 |
Unemployment by County
March 1998
not seasonally adjusted
RANK COUNTY RATE LAST LAST RANK COUNTY RATE LAST LAST |
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Source: Wisconsin Department of Workforce Development