Labor Market Statistics
Table 4 Labor Market Indicators from LAUS and retrieved from WisConomy
Labor Force
Unemployment Rate
Employment
Labor Market Area
2020 Q3 (000) % ∆ Yr. Ago
2020 Q3
2019 Q3 2020 Q3 (000) % ∆ Yr. Ago
Portage County
37.7 14.0 73.8 35.2
-2.1% -2.0% 1.0% 0.6% 1.0% -2.4%
4.0% 4.2% 3.5% 4.7% 5.4% 7.9%
2.7% 2.8% 2.5% 3.1% 3.2% 3.5%
36.1 13.4 71.2 33.6
-3.6% -3.6% -0.1% -1.2% -1.1% -7.3%
City of Stevens Point Marathon County
Wood County
Wisconsin
3,141
2,967
United States
160,143
147,563
Description: • Labor Force: Includes all people over the age 16 who are either working or actively looking for work. • Unemployment Rate: The number of unemployed as a percentage of the labor force. Analysis: • While unemployment rates for Wisconsin and Central Wisconsin have increased over the last year, they remain well below the national unemployment rate. Table 5 Wisconsin Employment by Industry Sector from Payroll Employment Survey - CES and retrieved from WisConomy Nonfarm Jobs Construction Jobs Manufacturing Natural Resources and Mining Trade, Transport and Utilities Information Jobs 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2,781 -6.87% 122 -2.05% 461 -4.68% 4 -13.89% 517 -3.00% 40 -17.80% Finance Jobs Business Services Education and Health Leisure and Hospitality Other Services Government % ∆ Yr. Ago 154 -6.50% 301 -7.57% 438 -5.86% 217 -29.82% 134 -13.24% 391 -3.19% Description: • Employment data are classified using the North American Industry Classification System (NAICS). The above table categorizes data according to major industry sectors Analysis: • The pandemic has had a disproportionate impact on service sectors like Leisure and Hospitality and Information Jobs. 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000) % ∆ Yr. Ago 2020 Q3 (000)
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Center for Business and Economic Insight
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