Labor Market Statistics
Table 6 Labor Market Indicators from LAUS and retrieved from WisConomy
Labor Force
Unemployment Rate
Employment
Labor Market Area
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1
2022 Q1
2023 Q1 (x1000)
% ∆ Yr. Ago
Portage County
37.8 13.8 73.1 33.1
-0.4 -0.5 -0.7 -3.2 -0.7
2.4 1.9 2.1 2.9 2.5 3.5
3.2 2.7 2.6 3.6 2.8 3.6
36.9 13.6 71.6 32.1
0.3 0.3
City of Stevens Point Marathon County
-0.2 -2.5 -0.4
Wood County
Wisconsin
3,074
2,998
United States
166,731
1.4
160,892
1.5
Description: • Labor Force: Includes all people over the age 16 who are either working or actively looking for work (in thousands). • Unemployment Rate: The number of unemployed as a percentage of the labor force. • Employment: Includes all people over age 16 who are working (in thousands). Analysis: • The unemployment rates in Portage, Marathon, and Wood counties along with the city of Stevens Point all fell and are at historic lows. • Much of the reduction of unemployment rates can be attributed to the decline in the labor force in the Central Wisconsin region.
Table 7 Wisconsin Employment by Industry Sector from Payroll Employment Survey - CES and retrieved from WisConomy
Natural Resources and Mining
Trade, Transport and Utilities
Nonfarm Jobs
Construction Jobs Manufacturing
Information Jobs
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1 (x1000)
% ∆ Yr. Ago
2023 Q1 (x1000)
% ∆ Yr. Ago
1.4 132.1 1.1 485.1 1.3
3.7
2.8 555.7 1.0
45.5 -0.7
2,997.9
Education and Health
Leisure and Hospitality
Finance Jobs
Business Services
Other Services
Government
2023 Q1 (x1000) % ∆ Yr. Ago 159.7 1.0 324.8 -1.5 466.8 2.8 272.8 2.6 149.0 2.3 402.7 2.3 Description: • Employment data are classified using the North American Industry Classification System (NAICS). The above table categorizes data according to major industry sectors (in thousands). Analysis: • All sectors except for information jobs and business services show employment growth over the year though the rate of growth has slowed. • In particular, the growth of leisure and hospitality employment has slowed significantly relative to last year. % ∆ Yr. Ago 2023 Q1 (x1000) % ∆ Yr. Ago 2023 Q1 (x1000) % ∆ Yr. Ago 2023 Q1 (x1000) % ∆ Yr. Ago 2023 Q1 (x1000) % ∆ Yr. Ago 2023 Q1 (x1000)
18
Center for Business and Economic Insight
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