County Economic Statistics
Table 6 Unemployment Claims - Portage, Marathon, and Wood Counties Portage Marathon
Wood
Weekly Average 2021 Q1
% ∆ Yr. Ago -16.1% +70.7%
Weekly Average 2021 Q1
% ∆ Yr. Ago -1.9%
Weekly Average 2021 Q1
% ∆ Yr. Ago +2.6% +96.9%
New Claims Total Claims
182
411
201
1,202
2,146
+116.3%
1,378
Description: • New Claims: Weekly average of new claims for 2020 Q1. • Total Claims: Weekly average of total claims for 2020 Q1. • Averages of new and total claims are used because of the volatility of weekly claims. Analysis: • The increase in total claims in all three counties reflect the impact of the pandemic on employment over the course of the last year. • The decline in new claims for all three counties since 2020 Q1 is a good sign that the economy and employment are rebounding.
Table 7 County Sales Tax Distribution Portage
Marathon
Wood
2021 Q1 (000) $1,790.5
% ∆ Yr. Ago
2021 Q1 (000)
% ∆ Yr. Ago
2021 Q1 (000)
% ∆ Yr. Ago -2.0%
County Sales Tax Distribution
+4.4% $3,425.6
-3.0% $1,585.0
Description: • The county sales tax rate of 0.5% is placed on retailers that make taxable retail sales. • Changes in county tax collections is a good indicator of changes in retail activity in Central Wisconsin.
Central Wisconsin Report - Fall 2020
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