Labor Market Statistics
Table 4 Labor Market Indicators from LAUS and retrieved from WisConomy
Labor Force
Unemployment Rate
Employment
Labor Market Area
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3
2020 Q3 2021 Q3 (000)
% ∆ Yr. Ago
Portage County
38,189 14,095 73,953 34,329
-0.10 -0.32 0.73 -1.84 -0.44 0.76
2.9 3.1 2.6 3.6 3.9 4.8
4.1 4.5 3.7 4.9 5.2 7.9
37,074 13,656 72,030 33,086
1.11 1.11 1.83 -0.49 0.93 4.15
City of Stevens Point Marathon County
Wood County
Wisconsin
3,114,017
2,993,017
United States
161,354,000
153,680,000
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: • The employment numbers have improved considerably nationally and statewide. For the United States, the unemployment rate has fallen to 4.8% from 7.9% a year ago. For Wisconsin, the unemployment rate fell to 3.9% from 5.2% a year earlier. • Central Wisconsin’s recovery with respect to employment has been extraordinarily impressive with Portage, Marathon, and Wood counties facing unemployment rates of 2.9%, 2.6%, and 3.6% respectively. These numbers are quickly ap- proaching pre-pandemic levels.
Table 5 Wisconsin Employment by Industry Sector from Payroll Employment Survey - CES and retrieved from WisConomy
Trade, Transport and Utilities
Nonfarm Jobs
Construction Jobs Manufacturing Natural Resources and Mining
Information Jobs
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3 (000)
% ∆ Yr. Ago
2021 Q3 (000)
% ∆ Yr. Ago
2,876.4 1.8 121.4 -1.0
479
5.0
3.7
12.1 530.9 1.0
45.2
0.9
Education and Health
Leisure and Hospitality
Finance Jobs
Business Services
Other Services
Government
2021 Q3 (000) % ∆ Yr. Ago 150.4 -1.1 320.3 4.3 445.4 -1.3 243.4 5.9 149.2 3.5 387.5 -0.5 Description: • Employment data are classified using the North American Industry Classification System (NAICS). The above table categorizes data according to major industry sectors. Analysis: • Wisconsin has witnessed some recovery in the Leisure and Hospitality sector despite employment numbers still significantly lower than pre-pandemic levels • The Manufacturing sector has been resilient and job growth has been strong with numbers back to pre-pandemic levels. % ∆ Yr. Ago 2021 Q3 (000) % ∆ Yr. Ago 2021 Q3 (000) % ∆ Yr. Ago 2021 Q3 (000) % ∆ Yr. Ago 2021 Q3 (000) % ∆ Yr. Ago 2021 Q3 (000)
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Center for Business and Economic Insight
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