Labor Market Statistics
Table 6 Labor Market Indicators from LAUS and retrieved from WisConomy (Third Quarter)
Labor Force
Unemployment Rate
Employment
Labor Market Area
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3
2022 Q3
2023 Q3 (x1000)
% ∆ Yr. Ago
Portage County
38.6 14.2 73.3 33.5
1.7 1.6 1.6 1.4 2.2 2.0
3.1 3.5 3.0 3.7 3.1 3.8
2.7 3.1 2.5 3.1 3.1 3.5
37.3 13.7 71.1 32.2
1.2 1.2 1.1 0.8 2.2 1.7
City of Stevens Point Marathon County
Wood County
Wisconsin
3,139
3,042
United States
167,929
161,570
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: • While unemployment rates remain very low, they have increased modestly since 2022 Q3 for the Central Wisconsin region. • The good news for employers is that labor force and total employment has also increased for the region over the same time period. The increase in the number of people in the labor force is largely responsible for the higher unemployment rates.
Table 7 Wisconsin Employment by Industry Sector from Payroll Employment Survey - CES and retrieved from WisConomy (Third Quarter)
Natural Resources and Mining
Trade, Transport and Utilities
Nonfarm Jobs
Construction Jobs Manufacturing
Information Jobs
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3 (x1000)
% ∆ Yr. Ago
2023 Q3 (x1000)
% ∆ Yr. Ago
1.2 136.4 2.9 480.9 -0.6
3.8
2.7 552.6 0.1
43.7 -6.8
3,017.8
Education and Health
Leisure and Hospitality
Finance Jobs
Business Services
Other Services
Government
2023 Q3 (x1000) % ∆ Yr. Ago 161.6 1.6 331.0 0.1 476.1 3.3 276.1 2.5 151.6 3.6 402.7 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 industry sectors except for manufacturing and information jobs showed modest employment growth over the year. • Information jobs experienced a 6.8% decline in jobs since Q3 2022. % ∆ Yr. Ago 2023 Q3 (x1000) % ∆ Yr. Ago 2023 Q3 (x1000) % ∆ Yr. Ago 2023 Q3 (x1000) % ∆ Yr. Ago 2023 Q3 (x1000) % ∆ Yr. Ago 2023 Q3 (x1000)
18
Center for Business and Economic Insight
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