County Economic Statistics Table 8 Help Wanted Advertising (First Quarter 2025)
Stevens Point
Wausau
Marshfield
Wisconsin Rapids
Merrill
Index # 2025 Q1
% ∆ Yr. Ago
Index # 2025 Q1
% ∆ Yr. Ago
Index # 2025 Q1
% ∆ Yr. Ago
Index # 2025 Q1
% ∆ Yr. Ago
Index # 2025 Q1
% ∆ Yr. Ago
1787
12.8% 54401
31.9% 1370
35.5% 1522
14.6% 1827
6.6%
Description: • Presents index values for online job advertising for Stevens Point, Wausau, Marshfield, Wisconsin Rapids, and Merrill Analysis: • Help Wanted Advertising is a leading indicator of local labor market conditions. • All areas experienced an increase in online job advertising over the year, indicating a healthy labor market. Table 9 Unemployment Claims - Portage, Marathon, and Wood Counties (Third Quarter 2024) Portage Marathon Wood Weekly Average 2025 Q1 % ∆ Yr. Ago Weekly Average 2025 Q1 % ∆ Yr. Ago Weekly Average 2025 Q1 % ∆ Yr. Ago
New Claims Total Claims
55
-34.5% -22.0%
125 562
-20.3% -32.7%
84
-15.2% -28.6%
379
405
Description: • New Claims: Weekly average of new claims for First Quarter 2025 • Total Claims: Weekly average of total claims for First Quarter 2025 Analysis: • Initial claims for unemployment insurance are often a good leading economic indicator in predicting changes in consumption spending • The number of new and total claims have declined significantly for the Central Wisconsin region over the indicating a strengthening regional labor market and local economic growth. Note: Weekly average for Q3 takes average initial claims for weeks 27-39 as defined on Dept. Workforce Development calendar. Table 10 County Sales Tax Distribution (Third Quarter 2024) Portage Marathon Wood
2025 Q1 (x1000) $2,367.92
% ∆ Yr. Ago
2025 Q1 (x1000)
% ∆ Yr. Ago
2025 Q1 (x1000)
% ∆ Yr. Ago
County Sales Tax Distribution
17.0% $4,320.08
3.5% $2,138.76
4.8%
Description: • Tax collections in thousands of dollars. • The county sales tax rate of 0.5% is placed on retailers that make taxable sales. • Changes in county tax collections is a good indicator of changes in retail activity in Central Wisconsin. Analysis: • County sales tax collections increased over the last year in the Central Wisconsin region. • Portage County experienced a large increase in sales tax receipts.
20
Center for Business and Economic Insight
Made with FlippingBook Learn more on our blog